More than two-third of their income comes from anonymous sources, shows an ADR analysis
GN Bureau | January 24, 2017
As much as 69 percent of the income of six national political parties and 51 regional parties has come from unknown sources, according to a long-term data analysis carried out by the Association for Democratic Reforms (ADR).
The total income of these parties between FY 2004-05 and 2014-15 was a whopping Rs 11,367.34 crore. However, their total income from ‘unknown sources’ (that is, income specified in the income-tax returns whose sources are unknown) was Rs 7,832.98 crore or 69 percent. For the Bahujan Samaj party (BSP), all of its income is from unknown sources.
Moreover, these anonymous donors are on the rise: the income of national parties from unknown sources increased by 313 percent, from Rs 274.13 crore during FY 2004-05 to Rs 1,130.92 crore during FY 2014-15. The income of regional parties from unknown sources increased by 652 percent from Rs 37.393 crore during FY 2004-05 to Rs 281.01 cr during FY 2014-15.
Their income from known donors (details of donors as available from contribution report submitted by parties to the election commission) was Rs 1,835.63 crore (16 percent) of the total income, while income from other known sources (like sale of assets, membership fees, bank interest, sale of publications, party levy) was Rs 1,698.73 crore (15 percent) of the total.
During the 11 years between FY 2004-05 and 2014-15, 83 percent of total income of Congress, amounting to Rs 3,323.39 crore, and 65 percent of total income of BJP, amounting to Rs 2,125.91 crore, came from unknown sources.
Among the regional parties, Rs 766.27 crore or 94% of total income of Samajwadi Party and Rs 88.06 crore or 86% of the total income of Shiromani Akali Dal came from unknown sources.
The figures are taken from their IT returns and statements filed with the election commission. Political parties are not required to reveal the name of individuals or organisations giving less than Rs 20,000. As a result, over two-thirds of the funds cannot be traced and are from ‘unknown’ sources. “This becomes very relevant in the light of recent events when demonetisation was announced so as to weed out black money from the society,” the ADR said in a statement issued after a press briefing on Tuesday.
Moreover, it said, while the national political parties were brought under the RTI Act by the CIC ruling in June 2013, they have still not complied with the decision. “Full transparency is, unfortunately, not possible under the current laws, and it is only the RTI that can keep citizens informed.”
Read Full Report: click here
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings in its latest Global Economic Outlook (GEO) report. Fitch now expects world GDP to grow by 1.4
Nine species of owls (including the magnificent spot-bellied eagle-owl), 10 birds of prey, 11 species of Woodpeckers (including white-bellied woodpecker – the largest woodpecker in peninsular India), and many other species have been documented during a first-ever bird survey in Chhattisgarh.
Cycling is a passion for many, and it is a way to fitness too. With rising numbers of vehicles on the road, the government encourages this environment-friendly mode of transportation, but it comes with numerous challenges. An accident last month on the Mahipalpur flyover of south Delhi, which took the life
As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected to be decoupled from world economy and fare better. To check if this belief really holds water, in the latest
With the advent of globalization came a new set of challenges for corporations, notably the duty of ensuring the well-being of all stakeholders while also protecting the planet`s natural environment. Although we are dedicated to a faster and more inclusive rate of growth, it is equally imperative that we f
BMC commissioner and administrator Iqbal Singh Chahal has been conferred with a Honorary Doctor of Science Degree (honoris causa) by Guru Nanak Dev University in Amritsar, Punjab. Chahal was conferred the degree during the 48th convocation of the University in Amritsar at the hands of Punjab