Nearly half of the party income comes from donation
GN Bureau | February 7, 2018
While the BJP and the Congress are yet to send their audit reports to the Election Commission of India, Mayawati's Bahujan Samaj Party (BSP) has emerged out having highest income of Rs 173.58 core during 2016-17. Surprisingly, the party could spend only only 30 percent (Rs 51.83 cr) of the total income.
Out of the total income, 43.36 percent has come from donation, contribution and grant, fee and subscriptions amount to 37.23 percent adn bank interest includes 19.41 percent, reveals a study by the ADR (Association For Democratic Reforms).
The party has declared that it has spent a maximum of 40.97 crores on elections, while approx 10 crores on administrative and general expenses.
Between 2015-16 and 2016-17, the income of Mayawati led party has increased by 266.32% (Rs 126.195 crores) from Rs 47.385 cr during 2015-16 to Rs 173.58 cr during 2016-17.
Meanwhile, AITC declared a total income of Rs 6.39 crore during 2016-17, but spent an excess of Rs 17.87 crore (280%) over total income. The NCP also incurred an excess expenditure of Rs 7.732 cr over its total income of Rs 17.235 cr, during FY 2016-17.
Here is what ADR recommends:
The Indic Quotient: Reclaiming Heritage through Cultural Enterprise By Kaninika Mishra Bloomsbury India, 230 pages, Rs. 499 Over the past decade, India has seen a significant rise in passion for enterprise as well as pride in her
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