At Rs. 706 crore, BJP gets lion’s share of corporate donations, says report

At Rs. 706 crore, BJP gets lion’s share of corporate donations, says report

It received nearly three times the combined funding for the other four national parties, according to ADR

Between fiscal years 2012-2013 and 2015-16, the five national parties received a total of Rs 1,070.68 million rupees through voluntary contributions above Rs.20,000. As a result, 89%, or Rs. 956.77 crore, comes from commercial and corporate houses, according to the Association for Democratic Reforms (ADR).

The BJP received most of the corporate donations, going to Rs. 705.81 crore of 2,987 corporate donors.

This is almost three times the corporate donations received by the other four parties. Congress was the next big beneficiary, obtaining Rs. 198.16 crores of 167 donors of this type.

According to the archives, the Office received no donations from Rs above. 20,000 during this period. The IPC received the lowest donations from the corporate sector, receiving only Rs. 18 lakhs out of 17 donors, who accounted for only 4% of their total donations.

The BJP, Congress and National Congress Party (NCP) received maximum contributions from the category of “trusts and corporate groups”, which included entities with interests in mining, real estate, energy, Newspapers and other businesses.

This category of business / corporate homes donated Rs. 432.65 crore to political parties between 2012-2013 and 2015-16, according to the report. Although the BJP received Rs. 287.69 crore, Congress earned Rs. 129.16 crore, and NCP Rs. 15.78 crore.

The BJP received the highest donations from the 14 sectors, as defined by ADR, including real estate (Rs. 105.20 crore); Mining, construction, exports / imports (Rs. 83.56 crore); And chemicals / pharmaceuticals (Rs. 31.94 crore).

Each year, political parties are required to submit details on donations above 20,000 Rs to the Electoral Commission. They must provide the name, address, NAP, the donor’s payment method and the amount paid.

Satya Electoral Trust

The report indicates that the Satya Electoral Trust was the main donor of three parties. He donated 35 times in three years, a total of Rs. 260.87 crore. The BJP said it received Rs. 193.62 crore in 23 donations, while Congress was receiving Rs. 57.25 crore in nine donations.

The PCN received Rs. 10 million rupees in three Trust grants during the same period. The Foundation was created before the government launched the electoral system in 2013.

The main contributors to the IPC (M) and the IPC were associations or unions. The CPI received Rs. 14.64 lakh of 15 associations and unions, while the CPI (M) obtained Rs. 1.09 crore of seven associations.

In 1,933 donations involving Rs. 384.04 crore, the details of the NAP were not mentioned. There were missing address details for 355.08 rupees received for 1,546 donations.

“99% of these donations without PAN and details of the management are worth Rs. 159.59 crore belong to the BJP,” says ADR. National parties raised a total of Rs. 159.67 million from 1,062 corporate donors through transactions in which no PAN or management details were mentioned.

Leave a Reply

Your email address will not be published. Required fields are marked *