BSP, Trinamool didn’t spend much of its total income
GN Bureau | May 9, 2017
The income of the Bharatiya Janata Party (BJP) during 2014-15 was highest among all national parties. The party had declared a total income of Rs 970.43 crore but is yet to submit its copy of income tax returns for 2015-16 to the Election Commission of India, showed an analysis of income and expenditure of national political parties for 2015-2016.
The analysis carried out by the Association by Democratic Reforms (ADR) showed that between 2014-15 and 2015-16, the income of All India Trinamool Congress (AITC) increased by 180.68% (Rs 22.26 crore) from Rs 12.32 crore to Rs 34.58 crore while the income of NCP decreased by 86.49% (Rs 58.51 crore) from Rs 67.65 crore to Rs 9.14 crore.
The income of BSP decreased by 57.68% (Rs 64.58 crore) from Rs 111.96 crore during 2014-15 to Rs 47.38 crore during 2015-16.
With regard to the total income and expenditure, BSP declared a total income of Rs 47.385 crore during 2015-16, but spent only 25% (Rs 11.90 crore) of the total income.
AITC declared a total income of Rs 34.578 crore during 2015-16, but spent only 39% (Rs 13.35 crore) of the total income.
NCP is the only party which has spent 19% more than its total income during FY- 2015-16. While the party’s income was Rs 9.14 crore, it incurred a total expenditure of Rs 10.84 crore.
The analysis showed that 5 out of 7 National Parties (BSP, NCP, CPM, CPI and AITC) have declared a total income of Rs 200.76 crore, collected from all over India.
CPM has shown the highest income amongst the national parties with a total income of Rs 107.48 crore during 2015-16. This forms 53.34% of the total income national parties, together during 2015-16.
BSP declared the second highest income of Rs 47.385 crore which forms 23.60% of the total income of the 5 national parties.
The ADR recommended that full details of all donors should be made available for public scrutiny under the RTI. Some countries where this is done include Bhutan, Nepal, Germany, France, Italy, Brazil, Bulgaria, the US and Japan. In none of these countries is it possible for 75% of the source of funds to be unknown.
Any party which does not submit its IT returns or donation statement to the ECI on or before the due date, their income should not be tax-exempted and defaulting parties should be derecognized, it added.
Saturday Stories By Rashmi Bansal HarperCollins, 176 pages, Rs 250 From the bestselling author of ‘Stay Hu
Oracle has showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to more quickly and efficiently conduct sophisticated analysis and make better business decisions
The domestic aviation industry has witnessed a remarkable surge in passenger traffic during the first eight months of 2023. According to the latest data analysis, the number of passengers carried by domestic airlines from January to August 2023 reached an impressive 1190.62 lakhs, marking a substantial inc
A function was organised in the Central Hall of Parliament on Tuesday to commemorate the rich legacy of the Parliament of India as the Members came together to bid adieu to the historical building before stepping into the New Building of Parliament. Prime Minister Narendra Modi, Lok Sabha sp
As politicians and policymakers make speeches at the United Nations during a high-level summit next week to assess the lack of progress on the 2030 Agenda and the Sustainable Development Goals (SDGs), people’s leaders representing some of the world’s most marginalised communities have come toge
The fourth G20 Global Partnership for Financial Inclusion (GPFI) meeting held in Mumbai during September 14-16 concluded with members agreeing to work towards the vision of universal financial inclusion under the new G20 Financial Inclusion Action Plan. Over the course of three days, discuss