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
As the government is set to roll out the 5G spectrum auction, the network providers are also equipping 5th generation network-ready LTE technology. According to the government, the technology would have an impact of more than $1 trillion on the Indian economy. It is also expected to transform educati
Punjabi singer, songwriter, and guitarist, Rabbi Shergill rose to fame in 2004 with his chartbuster song ‘Bullah Ki Jaana’ from his debut album ‘Rabbi’. Inspired by rock and Punjabi folk music, he uses Punjabi language to create acoustic rock-based ballads. His poetic and social
National Aluminium Company Limited (NALCO), country’s leading manufacturer and exporter of alumina and aluminium, has posted an operating profit of Rs 589 crore in Q3 of 2018-19 FY, registering 80 percent growth over the same period of last year. Net profit of the company
In 2016, 44.7 million tonnes of e-waste was generated globally which is expected to increase to 52.2 million tonnes in 2021. As of 2016, it was found out that India is the second and fifth highest generator (in Asia and globally respectively) of e-waste with 2 million tonnes. The mounting pile of e-waste h
Union power minister RK Singh has said the per capita current power consumption of 1,200 units is expected to grow 2-3 times at par with the international consumption after every Indian gets access to electricity. Singh said the power sector is witnessing an increased demand which is further expect
SAIL has posted a profit (profit after tax) of Rs 616 crore in Q3 of 2018-19 FY. SAIL has managed to better its performance over the previous quarter as well by more than 11 percent when it stood at Rs 554 crore. The turnover for Q3 FY’19 improved by three percent over corresponding period of