Source: 
Author: 
Date: 
24.12.2014
City: 
New Delhi
Political parties received 90% donations in FY14 from corporates
(Photo: Reuters)

Corporates and business houses provided 90 per cent donations to national political parties in 2013-14, even as Bharatiya Janata Party was the only party not to furnishdetails of financial assistance to the Election Commission.

Advocacy group Association for Democratic Reforms in a report on Wednesday said total donations received by Congress, NCP and CPI during 2013-14 rose by Rs 62.69 crore - an increase of whopping 517 per cent from the previous financial year.

The ADR said donations to Congress rose from Rs 11.72 crore in 2012-13 to Rs 59.58 crore in 2013-14 which is an increase of 408 per cent. In 2012-13, donations declared by BJP was more than the aggregate declared by Congress, NCP, CPI and CPI-M during 2013-14. 

MUST READ: Why elections are not at all bad for the Indian economy

BJP had declared a total of Rs 83.19 crore received above Rs 20,000 during 2012-13.

Bharti Group's Satya Electoral Trust donated the maximum amount of Rs 36.5 crore to Congress followed by AV Patil Foundation, which donated Rs 5 crore and Bharat Forge's Rs 2.50 crore, said the ADR report prepared on the basis of donation details provided by the political parties.

"None of these three groups donated to Congress during 2012-13. 90 per cent of the donations being from corporates shows the increasing hold of the corporate sector on political parties which is somewhat disconcerting. The ruling party not submitting its donation report is not a good sign," said Jagdeep Chhokar, founder-trustee of ADR.

Political parties are required to submit report on receiving contributions for furnishing a return of their income for 2013-14 which was October 31. "BJP is the only national party which is yet to submit its donations report to the Election Commission," the ADR said.

The total amount of donations above Rs 20,000 declared by the national parties was Rs 76.93 crore, from 881 donations and on an average, Congress received Rs 11.70 lakh per donor, NCP: Rs 1 crore, CPI: Rs 3.23 lakh and CPI-M: Rs 4.03 lakh.

The report said donations to CPI-M reduced from Rs 3.81 crore during 2012-13 to Rs 2.097 crore during 2013-14. BSP declared that it did not receive any donations above Rs 20,000 during 2013-14, as it has declared in the past.

© Association for Democratic Reforms
Privacy And Terms Of Use
Donation Payment Method