The Toshakhana Policy 2023 will be put into effect right away, according to the government.
The new policy was put into place as a result of the 2002–2023 record showing that prominent political figures kept presents after making the bare minimum payments.
When given to top state and government officials and placed in a "treasure house," toshakhana gifts and presents from foreign notables and dignitaries are typically regarded as the state's property. These presents, however, are only given to the political and bureaucratic elite, both civilian and military, as well as judges of the supreme judiciary, in accordance with official policy.
The presents that these most powerful groups of people get on official foreign trips or from foreign dignitaries are typically allowed to be kept by them at heavily discounted rates, or they are auctioned off to the federal government and armed forces officers.
Sources said that the government has outlawed receiving presents worth millions of rupees, including cars, jewelry, watches, and other items.
The president, prime minister, cabinet, judges, and civil and military officers won't be allowed to accept presents that are worth more than $300, and they won't be allowed to accept financial gifts from both domestic and foreign dignitaries, according to the sources.
The sources revealed that under the new policy, rare antiquities would be shown in official locations owned by the government, while gifted vehicles will be properly cataloged and displayed in the Cabinet Division's central pool of cars. In addition, the regulation allows the president, prime minister, cabinet members, judges, and civil and military leaders to purchase gifts for less than $300 at market value, while the general public will be permitted to purchase gifts for more than $300 through an open auction.