Breaking News
1. Barack Obama, Wife Michelle Endorse Kamala Harris' Bid For US Presidency      2. Nirmala Sitharaman rejects Opposition criticism on Budget 2024:      3. Nirmala Sitharaman rejects Opposition criticism on Budget 2024:      4. Nirmala Sitharaman rejects Opposition criticism on Budget 2024      5. French Rail Network "Sabotaged" Ahead Of Olympics, 8 Lakh People Affected      6. Revised NEET-UG results: 17 candidates share top rank, down from 61      7. Joe Biden decides to pass on the torch to new generation      8. Wil Nifty Hold 24,200 on Monthly Expiry day      9. Kangana Ranaut’s Lok Sabha election from Mandi challenged      10. Early morning rain brings relief to Delhi      11. Nitish Kumar shouts at RJD MLA in Bihar Assembly, draws flak      12. Rouse Avenue Court extends judicial custody of Manish Sisodia and other accused till July 26      13. Supreme Court hearing NEET-UG issue      14. Singer Rahat Fateh Ali Khan arrested in Dubai: Reports      15. Assam CM Himanta Biswa Sarma meets PM Narendra Modi in Delhi      16. India needs to strike balance between import of goods and FDI inflows from China: CEA      17. INDIA bloc to convene meeting tomorrow      18. India's forex reserves surge to record high of $666.85 billion as of July 12      19. Hatred is in the veins of BJP: AAP MP Sanjay Singh      20. Union Home Minister Amit Shah chairs high level meeting with various Heads of Security and Law Enforcement Agencies     
  1. Home
  2. Government

Ahead of Lok Sabha Polls, Parties Reveal Finances: BJP Takes Lead, NPP's Wealth Surges 1,502

  • Posted on February 29, 2024
  • Government
  • By TSW NEWS DESK
  • 210 Views

The Association for Democratic Reforms revealed income declarations of political parties ahead of the Lok Sabha elections. BJP leads with Rs 2,361 crore, while NPP saw a staggering 1502% surge in wealth.

Ahead of Lok Sabha Polls, Parties Reveal Finances: BJP Takes Lead, NPP's Wealth Surges 1,502 Image Source -www.navbharattimes.indiatimes.com

In the fiscal year 2022-23, political parties in India declared their incomes prior to the Lok Sabha elections. The Bharatiya Janata Party (BJP) emerged as the top earner with nearly Rs 2,361 crore, followed by the Congress with Rs 452.375 crore, according to the Association for Democratic Reforms (ADR). The ADR reported that six national parties collectively declared a total income of approximately Rs 3,077 crore during the fiscal year 2022-23, with the BJP claiming the lion's share. The BJP's income accounted for 76.73% of the total income of the six national parties, while the Congress contributed 14.70%.

Electoral bonds played a significant role in funding, with the BJP, Congress, and AAP collectively receiving 49.09% (Rs 1,510.61 crore) of the total income from donations through electoral bonds. The BJP alone received Rs 1,294.15 crore through this channel. Data obtained via RTI from the State Bank of India revealed that electoral bonds worth Rs 2,797.356 crore were redeemed by parties during the fiscal year 2022-23, with national parties redeeming 54% (Rs 1,510.62 crore) of this amount.

Also Read: Mukesh Ambani Finds Joy In The Villager's Food During The 'Anna Seva' Event.

Comparing the fiscal years 2021-22 and 2022-23, the BJP's income increased by 23.15%, while the National People's Party (NPP) witnessed a remarkable surge of 1,502.12%. Conversely, the Congress, CPI(M), and BSP experienced decreases in their incomes during this period.

The ADR also highlighted the expenditure patterns of these parties. While the BJP spent 57.68% of its total income, the Congress exceeded its income by 3.26%. Similarly, the CPI(M) and AAP surpassed their incomes by 74.87% and 19.82%, respectively.

Author
No Image
Author
TSW NEWS DESK

You May Also Like