Electoral bonds worth over ₹3,400 crore redeemed by parties in 2019-20, says ADR report
The Congress' total income in 2019-20 was Rs 682.21 crore. The party spent Rs 998.158 crore, which exceeds its income for that year by 46.31 per cent, it said.
The TMC declared a total income of Rs 143.676 crore during FY 2019-20, and spent Rs 107.277 crore (74.67 per cent), the
"As per the data shared by SBI in response to ADR's RTI application, electoral bonds worth Rs 3,429.5586 crore were redeemed by parties in FY 2019-20. Of this, 87.29 per cent was received by four national parties - BJP, INC, AITC & NCP," it said.
"The total amount of electoral bonds declared by national and regional parties for FY 2019-20 so far is Rs 3,441.324 crore. The difference in the amount declared by political parties and the data on EBs redeemed received from SBI could be due to the manner in which parties report in their audit report," the ADR said.
"Seven national parties (BJP, Congress, CPM, NCP, BSP, AITC and CPI) have declared a total income of Rs 4,758.206 crore, collected from all over India," it said.
The poll rights body said national parties that received the maximum income from donations or contributions include the BJP (Rs 3,427.775 crore), the Congress (Rs 469.386 crore), AITC (Rs 108.548 crore), CPM (Rs 93.017 crore) and CPI (Rs 3.024 crore).
"Four national parties namely BJP, INC, AITC and NCP collected 62.92 per cent (Rs 2,993.826 cr) of their total income from donations through electoral bonds for FY 2019-20. BJP received donations through electoral bonds worth Rs 2,555.0001 crore, Congress received Rs 317.861 crore, AITC received Rs 100.4646 crore and NCP received Rs 20.50 crore," the report said.
The report added that the most common and popular items of expenditure for national parties in FY 2019-20 were election expenses or general propaganda and administrative or general expenses.
It also said that between 2018-19 and 2019-20, the BJP's income increased by 50.34 per cent (Rs 1,213.20 crore) from Rs 2,410.08 crore to Rs 3,623.28 crore.
AdvertisementThe Congress's income decreased by 25.69 per cent (Rs 235.82 crore) from Rs 918.03 crore during 2018-19 to Rs 682.21 crore during 2019-20.
"Between FY 2018-19 and 2019-20, the highest percentage increase in income was declared by the NCP of 68.77 per cent (Rs 34.873 crore) from Rs 50.71 crore during FY 2018-19 to Rs 85.583 crore during FY 2019-20," it said.
Mukesh Ambani-owned Reliance Life Sciences' COVID-19 vaccine — here's all we know so far
Tata Motors is paying the price because Jaguar Land Rover has been slow in the EV race
Popular on BI
- Elon Musk said Twitter will start showing users how many people have seen their tweets, and got Jack Dorsey's approval
- Elon Musk reportedly told workers at his brain-chip startup to imagine they had bombs strapped to their heads to make them work faster
- A janitor laid off at Twitter's headquarters said one of Elon Musk's team members told him he'd be replaced by robots
- Cyclone Mandous weakens into deep depression after crossing coast in TN
- India abstains on UNSC resolution exempting aid from sanctions, says terror groups in neighbourhood take advantage of carve-outs
- BSF, Pak Rangers exchange fire along international border in Rajasthan
- Indians report unexpected rise in heart attacks, says survey
- WHO concerned over increasing antibiotic resistance in human infections
- Realme10 Pro Plus Mobile
- Gig jobs
- Sula Vineyards IPO
- Whatsapp tips
- International Roaming Plans
- RBI hikes repo rate
- Larget Employers
- Highest Revenue companies
- New Cars in December 2022
- Best Companies for Work
- India's Richest People
- Most Valuable Companies
- Most searched movies
- Adani Enterprises
- Top 10 Colleges in India
- Top 10 Airlines in World