New Delhi

In the financial year 2020-21, the BJP declared assets worth ₹ 4,990 crore, up by 21.17 per cent to ₹ 6,046.81 crore in 2021-22.

The total assets declared by eight national parties in 2021-22 was ₹ 8,829.16 crore, up from ₹ 7,297.62 crore during 2020-21, poll rights body ADR said in its report.

The Association for Democratic Reforms, an electoral reform advocacy group, in its report analysed the assets and liabilities declared by the BJP, INC, NCP, BSP, CPI, CPI(M), AITC, and NPEP - the eight national parties - for FY 2020-21 and 2021-22.

In the financial year 2020-21, the BJP declared assets worth ₹ 4,990 crore, up by 21.17 per cent to ₹ 6,046.81 crore in 2021-22.

According to the ADR, in 2020-21, the declared assets of Congress were ₹ 691.11 crore, which shot up by 16.58 per cent to ₹ 805.68 crore in 2021-22.

The BSP was the only national party to show a decrease in its annual declared assets, its report said.

The total assets of BSP between 2020-21 and 2021-22 decreased by 5.74 per cent - from ₹ 732.79 crore to ₹ 690.71 crore.

The total assets of TMC increased from ₹ 182.001 crore in 2020-21 to ₹ 458.10 crore, an increase of 151.70 per cent, the ADR said.

The total liabilities for FY 2020-21 declared by the national parties was ₹ 103.55 crore. The Congress declared liabilities of ₹ 71.58 crore - the highest, followed by CPI(M) with ₹ 16.109 crore, ADR said.

For FY 2021-22, Congress again was at the top with liabilities of ₹ 41.95 crore, followed by CPI (M) and BJP, which declared liabilities worth ₹ 12.21 crore and ₹ 5.17 crore.

Between 2020-21 and 2021-22, five parties declared a decrease in liabilities.

INC declared a decrease in its liabilities by ₹ 29.63 crore, BJP by ₹ 6.03 crore, CPI(M) by ₹ 3.89 crore, AITC by ₹ 1.30 crore, and NCP by ₹ 1 lakh.

The total capital/reserve fund set aside by the national parties during FY 2020-21 was ₹ 7,194 crore, and ₹ 8,766 crore for FY 2021-22, after adjusting for liabilities, the ADR said.

For FY 2021-22, the ADR said the BJP declared the highest capital with ₹ 6,041.64 crore.

The Congress and CPI(M) followed it with RS 763.73 crore and ₹ 723.56 crore.

In FY 2021-22, the National People's Party declared having a fund of ₹ 1.82 crore, the least, followed by CPI, which declared having ₹ 15.67 crore in its coffers.

The ADR said national parties failed to adhere to the Institute of Chartered Accountants of India guidelines that direct parties to declare details of the financial institutions, banks, or agencies from whom loans were taken.

The guidelines specify that the parties should state the "terms of repayment of term loans" based on due date such as a year, 1-5 years, or payable after 5 years, it said.

The reform body also said that details of loans given by the parties in cash or kind should be specified and if it constitutes more than 10 per cent of the total loans, the nature and amount of such loans should be declared specifically by them - a detail none of the national parties made public.

The ICAI guidelines on auditing, which were also endorsed by the Election Commission of India, remain only on paper and are yet to be actively taken up by the political parties in disclosing details of their income, the ADR said.

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