Breaking News
1. Loco pilot run over by Rajdhani Express in Koderma      2. At least two dead after a gas station explodes in flooded Brazil city: AFP      3. Tamil Nadu: Savukku Shankar (who is a YouTuber) was remanded to Judicial Custody till May 17th by the Coimbatore Court.      4. Himanta Biswa Sarma condemns 'cowardly assault '      5. JD(S) leader HD Revanna, arrested for kidnapping, was taken away from the hospital after a medical test      6. Additional forces of Indian Army reaches Jarra Wali Gali (JWG) in Poonch      7. London mayor Khan wins historic third term as Tories routed in local polls      8. New York synagogues, museum got fake bomb threats, officials say      9. CBI arrests a communications manager of NTPC for allegedly taking Rs 8 lakh bribe: officials      10. Delhi Police arrest Arun Reddy, who handles the 'Spirit of Congress' X account, in the Union Home Minister Amit Shah doctored case: Delhi Police      11. Massive fire broke out at a farmhouse in Haryana's Faridabad, on Friday late. Fire tenders immediately reached the spot and work to control the fire was initiated.      12. The death toll from floods and mudslides triggered by torrential storms in southern Brazil climbed to 39 Friday, officials said, as they warned of worse to come.      13. Delhi: Security forces conduct mock drill at Rajiv Chowk metro station, Delhi Public School in RK Puram area      14. Union government lifts off ban from export of onion      15. Mumbai: 10 pc discount on fare on Metro lines 2 and 7A on May 20 polling day      16. Sensex tanks 732.96 points to close at 73,878.15; Nifty plunges 172.35 points to 22,475.85      17. Rupee rises 3 paise to settle at 83.43 (provisional) against US dollar      18. Delhi Police arrest Arun Reddy, who handles the 'Spirit of Congress' X account, in the Union Home Minister Amit Shah doctored case: Delhi Police      19. CBI arrests a communications manager of NTPC for allegedly taking Rs 8 lakh bribe: officials      20. Turkey halts trade with Israel over Gaza humanitarian crisis     
  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
  • 137 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