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LATEST NEWS UPDATES | '69% of political funds from unknown sources' -Devesh K Pandey

'69% of political funds from unknown sources' -Devesh K Pandey

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published Published on Jan 25, 2017   modified Modified on Jan 25, 2017
-The Hindu

Association for Democratic Reforms says the income of national parties from unknown sources increased by 313%

The total income of national and regional political parties between 2004-05 and 2014-15 stood at Rs. 11,367 crore, with the highest of Rs. 3,982 crore being the Congress’s share. However, 69% of the income of these parties was from unknown sources, according to an analysis done by the Association for Democratic Reforms (ADR).

The income of national parties from unknown sources increased by 313% during the decade; for the regional parties, it went up by 652%. The BSP is the only party which has got 100% of its income through donations from unknown sources. Its total income increased by 2,057%, from Rs. 5.19 crore during 2004-05 to Rs. 111.96 crore during 2014-15.

The ADR report, released on Tuesday, states that the details of donors pertaining only to Rs. 1,835.63 crore were available. The income from other known sources, such as the sale of assets, membership fees, bank interest, the sale of publications and party levy, was Rs. 1,698.73 crore, about 15% of the total.

While about 43% of the total income of six national parties was that of the Congress, the BJP stood second with Rs. 3,272.63 crore, just over 35%. The CPI(M) declared the third highest income of about Rs. 893 crore. “About 83% of the total income of the Congress, amounting to Rs. 3,323.39 crore, and 65% of total income of the BJP, amounting to Rs. 2,125.91 crore, came from unknown sources.”

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The Hindu, 24 January, 2017, http://www.thehindu.com/news/national/%E2%80%9869-of-political-funds-from-unknown-sources%E2%80%99/article17089815.ece?homepage=true


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