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LATEST NEWS UPDATES | Donations to parties jumped 151% jump in 2014-15: ADR

Donations to parties jumped 151% jump in 2014-15: ADR

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published Published on Dec 8, 2015   modified Modified on Dec 8, 2015
-The Times of India

NEW DELHI: Donations to political parties increased by 151% this year as compared to the last year but details regarding donors continue to remain elusive. National political parties received Rs 622.38 crore from 1,695 donations in 2014-2015 as compared to Rs 247.77 crore collected last fiscal.

While Congress did not disclose cheque or DD numbers for 192 donations amounting to Rs 138.98 crore (that's 98% of its contribution), BJP did not give PAN card number, address and mode of contribution for 20 donors who contributed an amount of Rs 83.91 lakh.

Political parties rely heavily on donations for contesting elections and running their daily affairs. They receive huge sums of money in the form of donations from corporates or business houses, trusts and individuals.

Section 29C of the Representation of People Act, 1951 mandates that political parties submit their contribution details in excess of Rs 20,000 received from any person or a company to the Election Commission of India annually, in order to enjoy 100% tax exemption which has been analysed by Association for Democratic Reforms (ADR)

With 1,234 donations from individuals and corporates, BJP tops the list and has declared a total of Rs 437.35 crore as received via voluntary contributions above Rs 20,000. The donations declared by BJP is more than twice the contributions declared by Congress, NCP, CPI and CPM in the same period.

BSP declared that the party did not receive any donations above Rs 20,000 during FY 2014-15, as it has been declaring for the past 10 years.

Among donations, NCP appears to have recorded the highest increase from Rs 14.02 crore in 2013-14 to Rs 38.82 crore in 2014-15 while donations to BJP increased from Rs 170.86 crore to Rs 437.35 crore in the same period (156% increase).

Bharti Group's Satya Electoral Trust was among the top donor, donating Rs 132 crore to BJP, Congress and NCP. The Trust donated Rs 107.25 crore to BJP (25% of total funds received by the party), Rs 18.75 crore to Congress (13% of total funds received by the party) and Rs 6 crore to NCP.

General Electoral Trust had not made any donations to national parties last year but has contributed a total of Rs 117.30 crore to BJP and Congress. While BJP received Rs 63.2 crore (14% of total funds received by the party) and Congress received Rs 54.10 crore (38% of total funds received by the party) from the Trust during 2014-15.


The Times of India, 8 December, 2015, http://timesofindia.indiatimes.com/india/Donations-to-parties-jumped-151-jump-in-2014-15-ADR/articleshow/50084808.cms


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