BJP Richest National Party With Income Over Rs 1,000 Crore, CPI Poorest in Fray: ADR Report
Among the major parties who have declared their assets include – BJP, TMC, BSP, NCP, CPI(M) and CPI. However, Congress has till now not revealed their income.
New Delhi, December 18: Following the Supreme Court and Election Commission of India’s orders to fill every section of the declaration form (Form 24 A), political parties have submitted their financial income for FY 2017-18. Among the parties, BJP tops the list with Rs 1,027 crore, while CPI lags with just Rs 1.5 crore, reports Association for Democratic Reforms (ADR).
In the recently released and analysed data by ADR, BJP has emerged as the highest earning party of 2017-18, while the Communist Party of India has declared that their earning to be the lowest. Among the major parties who have announced their assets include – BJP, TMC, BSP, NCP, CPI(M) and CPI. However, Congress has till now not revealed their income for the financial year. 90 Percent MLAs in Mizoram are 'Crorepatis', Says a Survey by ADR.
According to the report, BJP has earned 1,027.339 crores and spent Rs 758.47 crore. Also, it declared that it received Rs 210 crore as contribution through electoral bonds and wrote that party’s income decreased by Rs 6.93 crore.
Blaming the saffron party-ruled central government is facilitating through crony capitalism corporate funding for its electoral benefit, the communist party in its press release stated that electoral bonds had become new tax havens. It said that BJP received 94.5 percent of the entire trance through electoral bonds.
The report says that CPM, BSP, NCP, TMC and CPI declared their yearly income to be Rs 104.847 cr, Rs 51.694 cr, Rs 8.15 cr, Rs 5.167 and Rs 1.553 cr respectively. While the expenditure was Rs 83.482 cr (CPM), Rs 14.78 cr (BSP), Rs 8.84 cr (NCP), Rs 1.766 cr (AITC) and Rs 1.10 cr (CPI).
It is to be known that the Supreme Court on September 13, 2013, ordered that no part of a candidate’s affidavit should be left blank. Based on the judgment, ECI imposed rules that no part of the Form 24A submitted by political parties providing details of donations above Rs 20,000 should be left blank. Also, under the RTI act, the national political parties must provide all information on their finances.
(The above story first appeared on LatestLY on Dec 18, 2018 08:07 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).