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LATEST NEWS UPDATES | Top 15 parties deposited Rs 167 crore during note ban, BSP tops list, shows data -Appu Esthose Suresh

Top 15 parties deposited Rs 167 crore during note ban, BSP tops list, shows data -Appu Esthose Suresh

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published Published on Feb 12, 2017   modified Modified on Feb 12, 2017
-Hindustan Times

New Delhi:
The Bahujan Samaj Party (BSP) made the highest cash deposit among political parties during 50 days of demonetisation, reveals data analysis by the Financial Intelligence Unit (FIU) and the Income Tax department (I-T).

The top 15 national and regional political parties deposited Rs 167 crore during demonetisation, data accessed by HT has revealed. Besides Rs 104 crore cash deposit by the BSP, other 14 parties have put Rs 63 crore of banned currencies.

Prime Minister Narendra Modi yanked the two bank notes — Rs 1,000 and Rs 500 — out of circulation to drain illegal cash from the economy and announced a 50-day window to deposit or exchange the banned currency.

Senior finance ministry sources said nearly all of the Rs 15.44 trillion in circulation returned to the government chest.

A senior official in one of the two agencies cited above said, “There are as many as 250 political parties registered in India but most of them are on paper. They will be separately analysed. Our present analysis covered all the six national parties and nine regional parties that are in power in their respective states.”

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Hindustan Times, 12 February, 2017, http://www.hindustantimes.com/india-news/top-15-parties-deposited-rs-167-crore-during-note-ban-bsp-tops-list-shows-data/story-aK269asyL24NcsZ1lRRioI.html


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