Parties collect Rs 11,234 crore from unknown sources


New Delhi, March 10 (IANS): Political parties have collected Rs 11,234 crore from unknown sources in the last 15 years, according to election watchdog, Association of Democratic Reforms (ADR).

An analysis of their Income Tax Returns (ITR) and donations statements filed with the Election Commission of India (ECI) showed that the sources remained largely unknown.

At present, political parties are not required to reveal the names of individuals or organisations donating less than Rs 20,000, neither those who donate via electoral bonds.

As a result, more than 67 pert cent of the funds cannot be traced as they come from 'unknown' sources. While the national political parties were brought under the RTI Act by a Central Information Commission (CIC) ruling in June 2013, they have still not complied with the decision.

For this analysis, seven national parties were considered -- BJP, Congress, Trinamool Congress, Nationalist Congress Party, Bahujan Samaj Party, CPM and CPI.

However, the BSP declared that it did not receive any funds from voluntary contributions (above or below Rs 20,000)/sale of coupons/electoral bonds or unknown sources of income.

According to ADR, between FY 2004-05 and FY 2018-19, the national parties have collected Rs 11,234.12 crore from unknown sources.

During FY 2018-19, BJP declared Rs 1,612.04 crore as income from unknown sources which was 64 per cent of the total income of national parties from unknown sources at Rs 2,512.98 crore.

This income of BJP forms more than 1.5 times over the aggregate of income from unknown sources declared by the other five parties at Rs 900.94 crore.

The Congress declared Rs 728.88 crore as income from unknown sources which was 29 per cent of the total income of national parties from unknown sources.

Out of Rs 2512.98 crore as income from unknown sources, the share of income from electoral bonds was Rs 1960.68 crore or 78 per cent.

As per the analysis, the combined income of Congress and NCP from sale of coupons between FY 2004-05 and FY 2018-19 stood at Rs 3,902.63 crore.

According to the donations report (containing details of donations above Rs 20,000) of FY 2018-19, Rs 71.44 lakh was given to the national parties in cash.

For this report, known sources have been defined as donations above Rs 20,000, whose donor details are available through contributions report as submitted by the national parties to the ECI.

The unknown sources are income declared in the IT returns but without giving a source of income for donations below Rs 20,000. Such unknown sources include 'donations via electoral bonds', 'sale of coupons', 'relief fund', 'miscellaneous income', 'voluntary contributions', 'contribution from meetings/morchas' etc. The details of donors of such voluntary contributions are not available in the public domain.

 

  

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Comment on this article

  • AnoNymouS, Mangalore

    Wed, Mar 11 2020

    All donations must be made through online transfers so that the funds can be traced. If the rules apply to common people like us because of this digital India BS then it should apply to the lawmakers as well. If we don't hold them to account they will squeeze us dry.

    DisAgree Agree [1] Reply Report Abuse

  • Lance, Urwa/Toronto

    Tue, Mar 10 2020

    And that's how India's foreign currency reserves showed a steep increase.

    DisAgree Agree [1] Reply Report Abuse

  • smr, Karkala

    Tue, Mar 10 2020

    Over 3,400 branches of 26 public sector banks (PSBs) have been either closed or merged during the last five financial years due to merger under the consolidation exercise in the banking space, revealed an RTI query.

    To a query under the RTI Act, the Reserve Bank of India (RBI) informed that 26 PSBs of the country either closed or merged 90 branches during FY 2014-15, 126 branches in 2015-16, 253 branches in 2016-17, 2,083 branches in 2017-18 and 875 branches during 2018-19. Of this, 75% of the affected branches belong to SBI.
    'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.' From April 2014 to March 2018, Rs 77,000 crore (Rs 770 billion) worth of bank loan frauds took place under the Modi government.

    While Supreme Court continues to sit over challenge to electoral bonds. By considering the above fact it won't be difficult who makes profit out bank fraud.

    Jai Hind

    DisAgree Agree [2] Reply Report Abuse

  • True Indian, Mangalore

    Tue, Mar 10 2020

    Biggest Donner of Barata Janata Party is Am-bani and adani..Government will do a favor in return by providing them with large projects

    DisAgree [3] Agree [11] Reply Report Abuse

  • Ramesh, Udupi

    Tue, Mar 10 2020

    Feed the poor with this money instead of paying political parties

    DisAgree Agree [17] Reply Report Abuse

  • AF,,,, MANGALORE

    Tue, Mar 10 2020

    How can a diffrent laws for different people, for common people collect money bank will ask several questions source country and documents, now who is asking , why excuses

    DisAgree [1] Agree [11] Reply Report Abuse


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