India, March 11 -- LUCKNOW In a move aimed at increasing financial transparency and curbing corruption, the UP cabinet on Tuesday approved an amendment to Uttar Pradesh Government Employees Rules, 1956, making it mandatory for employees to inform appropriate authority for investing an amount equivalent to more than six months of basic salary in stocks, shares or other investment in a calendar year.

The cabinet, chaired by chief minister Yogi Adityanath, approved the proposal to amend Rule 21 and 24 of the UP Government Employees Rules. Under the provisions of Rule 21, the employees would have to mandatorily inform the appropriate authority if they make any investment in stocks/shares etc, if the investment amount exceeds their six months...