1. Manohar Parrikar declares assets worth Rs 3.5 Cr

Manohar Parrikar declares assets worth Rs 3.5 Cr

Parrikar has Rs 75,000 cash in hand, besides 32,769 in the bank account as per the affidavit filed by him.

By: | Lucknow | Updated: November 11, 2014 9:40 AM

Defence Minister Manohar Parrikar, who is contesting Rajya Sabha election from Uttar Pradesh, has movable and immovable assets worth more than Rs 3.5 crore and liabilities of Rs 36.31 lakh, according to an affidavit filed by him yesterday.

As per his affidavit, filed along with the nomination papers for the Rajya Sabha here, among movable assets Parrikar has Rs 75,000 cash in hand, besides 32,769 in the bank account.

He holds Rs 23,81,026 as shares in different companies and an insurance policy of Rs 58 lakh.

Besides jewellery worth over Rs six lakh, he has other assets worth over Rs 1.02 crore.

Parrikar owns three cars, but their depreciated value comes to a little over 6.5 lakh.

The Defence Minister has immovable assets with current market value of over Rs 1.62 crore, which include a shop, flat and inherited property.

In his affidavit, he has shown an income of Rs 9,55,916 in the financial year 2012-13.

He has total liabilities of Rs 36,31,399, which include Rs 21,31,399 as dues to bank and financial institutions.

  1. H
    Harry Potter
    Nov 12, 2014 at 3:10 pm
    How to transform India to biggest exporter of arms? 70% of India's defence import is combat aircraft/choppers, more than $4 bln as per current spending. India, only nation in Asia at shoe string budget to Mars - ISRO, DRDO and all the defence PSUs are true Gems. It’s time to rope in might of DRDO/ISRO/HAL etc in collaboration with India Inc to be hub of aviation, space and defence research and production. India Inc should come out with a consortium, IIASRD, India Inc Aero Space Research and Development center, IIASRD, to take India’s aerospace capability at par with Europe and USA based consortium – like Airbus, Boeing. All the BSE – 30 members should contribute funds 10% each of their current market cap. A fund/endowment of nearly Rs 8 trillion, May 2014 BSE-30 market cap Rs 80 trillion. To ensure that India will be for Aviation (civil and defence) as well what its today for IT, cost reduction of one fourth. Transport careers, airlines buying fleets for one fourth of current cost. Affordable personal jets, Gulf Stream at one fourth of current price tag for employee - super managers (of Tomas Pickety fame) as well not just tycoons. Flying cost affordable to India’s mes that travel in Second Cl rail coach with or without reservations and no air-conditioning. L&T, an ambitious player in defence, Chairman Mr Naik’s suggestions, ET/TOI article - How to transform the country from world's largest defence equipment importer to major exporter, AM Naik.
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