BJP Received Rs698 Crore out of the Rs951 Crore Voluntary Contributions of above Rs20,000: ADR
Five national political parties received Rs951 crore through voluntary contributions of above Rs20,000, out of which the ruling Bharatiya Janata Party (BJP) received Rs698 crore, a report said on Tuesday.
 
The Association for Democratic Reforms (ADR) in its podcast episode on analysis of donations from corporates and business houses to national political parties for financial year 2018-19 said, "Five national parties, comprising BJP, Congress, NCP, CPM and Trinamool Congress received a total of Rs951.66 crore via voluntary contributions above Rs 20,000 out of which 93 per cent or Rs 881.26 crore was from corporates or business houses."
 
It further said that donations from corporates to national parties increased by 133% from the period between 2004-12 to 2018-19.
 
"BJP received the maximum corporate donations of Rs698.14 crore, which forms 94% of the total donations to the party above Rs20,000 in 2018-19 followed by Congress which declared a donation of Rs127.60 crore from various corporate and business houses," it said.
 
The ADR pointed out that various sectors of business houses, in seven years between financial year 2012-13 and 2018-19, donated a total of Rs2,823.21 crore or 91.62% of the total contribution from known sources of political parties amounting to Rs3,081.58 crore.
 
National parties have received the maximum corporate donations during 2018-19 (Rs881.26 crore), followed by 2014-15 (Rs573.18 crore) and 2016-17 (Rs563.19 crore), it said.
 
Donations from corporates to National parties was lowest in 2015-16, where it reduced to Rs76.94 crore, it said.
 
The ADR report also highlighted that between 2012-13 and 2018-19, BJP received the maximum corporate donations of Rs2,319.54 crore, constituting 16% of the total corporate donations in the seven years.
 
The ADR report further stated that progressive electoral trust was the top donor to three of the National parties namely BJP, Congress and Trinamool Congress in 2018-19. "The Trust donated a total of three times in one year, amounting to Rs455.15 crore," it said.
 
The ADR said that prudent electoral trust was the second highest corporate donor to BJP and Congress, donating 25 times, a total amount of Rs106.25 crore.
 
The contributions from corporate/ business houses have been classified into 15 sectors/categories by ADR and does not form a part of the submission made by parties to ECI. These sectors include: electoral trusts, real estate, manufacturing, trusts & groups of companies, power & oil, mining, construction, exports/imports, among others.
 
The ADR said that in 2018-19, electoral trust donated the maximum amount of Rs617.65 crore followed by manufacturing sector, contributing a total of Rs96.88 crore and mining, construction, exports/imports sector, contributing a total of Rs64.61 crore to the five national parties.
 
"BJP, Congress and Trinamool Congress received the maximum contributions from Electoral Trusts. BJP received the highest, Rs471.785 crore, followed by Congress with Rs98.88 crore and Trinamool Congress with Rs42.98 crore," it said.
 
The ADR said that NCP received the maximum contributions worth Rs5.65 crore from mining, construction, exports/imports companies.
 
It also said that Rs20.57 crore was received from the unsegregated category, which includes companies with no details available online or those with no clarity regarding their nature of work.
 
The mode of payment is either incomplete or undeclared in case for 204 donations through which national parties received a huge sum of Rs556.49 crore, which forms 15% of the total amount of donations received by corporate/business houses. "Hundred per cent of corporate donations to Trinamool Congress either have incomplete or undeclared mode of payment. This was also the case for the 2016-17 and 2017-18," it said.
 
The report further highlighted that in a total of 631 donations declared by national parties, there is no information related to PAN (permanent account number) or address or details of both PAN and address details. Such contributions amount to Rs58.395 crore.
 
Donations or contributions are amounts contributed above Rs20,000 to the political parties by individuals, companies, electoral trusts and unions/ associations. The details of donors such as name, address, PAN number, mode of payment and date of donation have to be shown by the political party in the 'Donations report' filed by the party to the Election Commission of India (ECI). According to the rules laid down by the Election Commission, contribution report containing details of the donors who donated above Rs20,000, have to be made available with the ECI on an annual basis as prescribed under Section 29-C of the Representation of People's Act in Form 24A.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User 

    COMMENTS

    rkagni21

    2 months ago

    It's not new, haven't you seen the film Guru, clearly brought out in the film that this grp is known for being monopolistic, manuplative. So are other business houses as well. Where are the ethics in other Cos as well? It's just a shade less. Must appreciate RILs efforts to digitise the country. RIL was the first to lay the Broad band cables. In their retail stores, when they started, all brands and so many other COs items were avlbl. Now they have replaced many items with their own sub-std stuff of "good life". But then why not? Everything is not fair in businesses.

    REPLY

    s5rwav

    In Reply to rkagni21 2 months ago

    Digitalization by RIL in India? Are You Sure? Thanks.

    rajakanthan2001

    2 months ago

    And when ur end comes you will realise what a poor man you are and how broken your house is where there is no happiness.

    s5rwav

    2 months ago

    Constitutionality Empowered Judges of India should Stop High Level Political Corruption in Larger Public Interest.

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)