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LATEST NEWS UPDATES | Elections donation season: Parties prepare for funds shower -Ritika Chopra

Elections donation season: Parties prepare for funds shower -Ritika Chopra

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published Published on Oct 21, 2013   modified Modified on Oct 21, 2013
-The Economic Times


NEW DELHI: As polls to five state assemblies draw near, cash counters in political parties can look forward to a busy period if historical patterns are anything to go by.

An analysis of donations shows that national parties typically collect more than 100 crore each during such periods.

According to the data from think-tank Association for Democratic Reforms, six parties together received almost 2,500 crore in donations at the time of state and Lok Sabha elections held between 2008 and 2012. All of this in just 115 days- from date of announcement of elections to their completion.

Upcoming elections provide the setting for a fresh round of fund collections.

Congress had collected 170 crore in just 33 days during last assembly elections for the five states in 2008. While BJP received 32 crore in donations then, BSP managed to raise 152 crore. BSP was also among the biggest collectors at the time of Gujarat and Himachal Pradesh elections held last year, receiving donations worth 154 crore in just 79 days.

While the glut of funds around election season is matter of concern for activists advocating clean politics, a bigger worry for them is the fact that most of donations are received in cash. Funds collected through cheques and demand drafts come a distant second. For instance, 90% of the total money received by the Congress in the last five years was in cash.

Such a practice allows parties to hide the source of sizeable donations because they are not obligated to identify donors who give less than 20,000, says Jagdeep Chhokar, one of the founders of ADR. "Most donations are shown under less than 20,000 category," he said.


The Economic Times, 21 October, 2013, http://economictimes.indiatimes.com/news/politics-and-nation/elections-donation-season-parties-prepare-for-funds-shower/articleshow/24454019.cms


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