ADR: Total income of 42 regional parties for the financial year 2019-20 was Rs.877.957 cr
As many as 42 regional parties collected Rs.676.326 cr or 77.03 percent of their total income from voluntary contributions including donations, contributions, and Electoral Bonds for the financial year 2019-20, according to an analysis by the Association for Democratic Rights (ADR).
Under the voluntary contributions, political parties collected 50.97 percent or Rs.447.498 cr of their income from donations through Electoral Bonds while other donations and contributions amounted to Rs.228.828 cr or 26.06 percent for the financial year 2019-20, said the report. However, the total income of the 42 regional parties for the financial year 2019-20 was Rs.877.957 cr.
The income of the top 5 parties with the highest total declared income including the TRS, Shiv Sena, YSR Congress, TDP, and BJD amounted to Rs.516.482 cr, 58.83 percent of the total income of the political parties analyzed collectively in the report. The Telangana Rashtra Samithi (TRS) has reported the highest income of Rs.130.46 cr, 14.86 percent of the total income of all the parties analyzed, followed by the Shiv Sena with an income of Rs 111.403 cr, Yuvanjana Sramika Rythu (YSR) Congress Party with an income of Rs.92.739 cr, TDP with Rs.91.53 crore and BJD with Rs.90.35 crore. Altogether 42 regional parties garnered an income of Rs.877.95 crore while only 14 parties, including TRS, TDP, YSR Congress, JD(U), and RJD, got donations through Electoral Bonds.
Out of 39 parties from the 42 political parties whose data is available for both the financial years, 23 parties have shown an increase in their income from the financial year 2018-19 to the financial year 2019-20 while 16 parties have shown a decline in their income during this period. The AIADMK reported the highest increase in its income of Rs.61.506 cr followed by the DMK and the AAP which declared a total increase of Rs.38.557 cr and Rs.30.337 cr respectively, between FY 2018-19 and FY 2019-20, said the report.
According to the report, there are 24 regional parties who declared a part of their income as remaining unspent for 2019-20 while 18 parties spent more than the income collected during that year. “TDP, BJD, DMK, SP, JDS, AJSU, JVM-P, INLD, PMK, MGP, GFP, SDF, MNF, AIFB, NPF, JKPDP, IPFT, and MPC are the 18 regional parties that declared spending more than their income. BJD has declared spending highest amount of Rs.95.78 cr or 106.01 percent more than its income,” quotes the report.
The total declared expenditure of the 42 regional parties for the financial year 2019-20 was Rs.742.535 cr. The top 5 parties that have incurred the highest expenditure are the BJD which had spent Rs.186.13 cr or 25.07 percent, followed by the TDP which spent Rs.108.84 cr or 14.66 percent, SHS which spent Rs.98.379 cr or 13.25 percent, DMK which spent Rs.71.038 cr or 9.57 percent and SP which spent Rs.55.692 cr or 7.50 percent of the total expenditure.
[With Inputs from IANS]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.
- After India asks Canada to pull out diplomats, Trudeau says ‘not looking to escalate’ tensions - October 3, 2023
- Delhi Police arrest NewsClick founder Prabir Purkayastha and HR Amit Chakravarty in UAPA case - October 3, 2023
- PM Modi launches projects worth Rs.8,000 crore in Telangana - October 3, 2023