Manohar Parrikar declares assets worth Rs 3.5 crore

 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 on Monday. 

As per his affidavit, filed along with the nomination papers for the Rajya Sabha in Lucknow, 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.