Thursday, February 4, 2010

Pranab terms declaration of assets by Ministers as a normal practice

New Delhi, Feb 3 (UNI) Union Finance Minister Pranab Mukherjee today said declaration of assets and liabilities by Ministers was a ''normal practice''.

Quizzed about his reaction to the statement of Prime Minister Manmohan Singh, who had reportedly asked all Ministers to disclose their assets and liabilities, Mr Mukherjee said, ''That is a normal practice.''

''The practice is whenever a Minister gives a statement of his assets and liabilities annually, he has to submit it to the Prime Minister and Speaker,'' he added while interacting with the media on the sidelines of a book release here.

He also said, ''Our party has introduced a system where the declaration has to be submitted to the party president as well. Therefore, every interest will be taken care of.''

According to media reports, the Prime Minister had asked all Ministers to declare their assets and liabilities to bring transparency in the Government.

He had also reportedly asked them to dissociate themselves from businesses needing government permits and not to join or start any business.

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