Cash collections accounted for a whopping 63 per cent of total funds or over Rs 2,100 crore garnered
by various political parties during all state assembly polls between 2004 and 2015, a study showed today.
Cash collections accounted for a whopping 63 per cent of total funds or over Rs 2,100 crore garnered by various political parties during all state assembly polls between 2004 and 2015, a study showed today.
The fund collection through cash was however relatively lower at 44 per cent (over Rs 1,000 crore) during three Lok Sabha elections held during this time period.
During the Lok Sabha elections held in 2004, 2009 and 2014, cheque payments accounted for the highest collection at 55 per cent (nearly Rs 1,300 crore), while cash accounted for Rs 1039.06 crore.
In case of state polls, fund collected through cheque payments was Rs 1244.86 crore between 2004 and 2015. The study did not take into account the recent polls in five states.
ADR said the analysis is based on statements submitted by the national and regional parties to the Election Commission of India. These statements contain information of funds collected and spent between announcement and completion of elections.
"India is the least transparent country when it comes to funding of political parties," Professor Trilochan Sastry of IIM Bangalore, a founder-member of ADR, said at a press conference here to release the survey results.
SP, the ruling party in UP, trumped others in terms of amount collected and spent during the state polls as well. It collected Rs 186.8 crore and spent Rs 96.54 crore.
AAP, which has contested two assembly elections till date, came second with Rs 38.54 crore as total funds collected and Rs 22.66 crore expenditure.
"Hence, it appears that the parties are taking advantage of the opacity in the expenditure statements to collect and spend funds in cash," the survey adds.
It also consists a separate list of 'defaulters', listing parties who did not submit their expenditure statements between 2011-15.
Among the national parties, statements of NCP and CPI are not available for two assembly elections held between 2011 and 2015.