New Delhi, Oct 11 (SocialNews.XYZ) A total of 42 regional parties collected Rs 676.326 cr or 77.03 per cent 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 per cent 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 per cent 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 per cent of the total income of the political parties analysed collectively in the report. The Telangana Rashtra Samithi (TRS) has reported the highest income of Rs 130.46 cr, 14.86 per cent of the total income of all the parties analysed, 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 per cent 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 per cent, followed by the TDP which spent Rs 108.84 cr or 14.66 per cent, SHS which spent Rs 98.379 cr or 13.25 per cent, DMK which spent Rs 71.038 cr or 9.57 per cent and SP which spent Rs 55.692 cr or 7.50 per cent of the total expenditure.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz