Politics

14 regional parties have declared receiving donations through Electoral Bonds: ADR

Fourteen regional events, together with AAP, DMK and JD(U), have declared receiving donations by way of electoral bonds price Rs 447.49 crore in 2019-20, and this constitutes 50.97 per cent of their revenue, the Affiliation for Democratic Reforms mentioned. The full revenue of 42 regional parties analysed for the monetary yr 2019-20 was Rs 877.957 crore, in line with a report by the ballot rights group.

The TRS reported having the best revenue of Rs 130.46 crore, which kinds 14.86 per cent of the entire revenue of all of the events analysed, it mentioned.

Shiv Sena had an revenue of Rs 111.403 crore or 12.69 per cent and YSR-C Rs 92.739 crore or 10.56 per cent of the entire revenue of the 42 regional events analysed on this report.

The report mentioned that solely 14 of the 42 regional events that have been analysed declared donations by way of electoral bonds amounting to Rs 447.498 crore, which constitutes 50.97 per cent of their whole revenue.

These 14 events are – TRS, TDP, YSR-C, BJD, DMK, Shiv Sena, AAP, JD(U), SP, JDS, SAD, AIADMK, RJD and JMM, the report of the Affiliation for Democratic Reforms (ADR) mentioned.

It mentioned that out of 39 events from the 42 political events whose knowledge is obtainable for the 2018-19 and 2019-20 fiscals, 23 events have proven a rise of their revenue from 2018-19 to 2019-20, whereas 16 events have proven a decline of their revenue throughout this era.

The full revenue of the 39 events decreased from Rs 1087.206 crore in 2018-19 to Rs 874.467 crore in 2019-20, a dip of 19.57 per cent or Rs 212.739 crore, the report mentioned.

The ballot rights physique mentioned that there are 24 regional events which declared part of their revenue as remaining unspent for the monetary yr 2019-20 whereas 18 political events spent greater than the revenue collected in the course of the yr.

The TRS has greater than 83.76 per cent of its whole revenue remaining unspent whereas AIADMK and JJP have 67.82 per cent and 64 per cent , respectively, of their revenue remaining unspent for the 2019-20 fiscal.

“TDP, BJD, DMK, SP, JDS, AJSU, JVM-P, INLD, PMK, MGP, GFP, SDF, MNF, AIFB, NPF, JKPDP, IPFT and MPC are the 18 regional events that declared spending greater than their revenue. BJD has declared spending the best quantity of Rs 95.78 cr or 106.01 per cent greater than its revenue,” the report mentioned.

The ADR mentioned the 42 regional events collected Rs 676.326 crore or 77.03 per cent of their whole revenue from voluntary contributions, together with donations and contributions, and electoral bonds, for FY 2019-20.

“Beneath voluntary contributions, political events collected 50.97 per cent or Rs 447.498 crore of their revenue from donations by way of electoral bonds whereas different donations and contributions amounted to Rs 228.828 cr or 26.06 per cent for FY 2019-20,” the report mentioned.

It mentioned that 12.96 per cent or Rs 113.761 crore of the entire revenue was generated by way of curiosity revenue and FDRs by the 42 regional events in the course of the monetary yr 2019-20.


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