-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),...
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Over 75% of donations to parties from unknown sources -Himanshi Dhawan
-The Times of India NEW DELHI: Over 75% of the funding received by political parties is from unknown donors. This flies in the face of claims made by parties that details of their financial statements are in the public domain. According to data analyzed by Association for Democratic Reforms (ADR), the total funds received by six national political parties between 2004-2005 and 2011-2012 was Rs 4,895.96 crore of which only 8.9%...
More »Six people who pulled strategic levers to open up political parties' finances -Soma Banerjee
-The Economic Times If India is now debating opening the books and operations of political parties to the public, it's because of these six people who pulled strategic levers and applied relentless pressure. Soma Banerjee traces a four-year effort that converted intent to action Balwant Singh Khera, a politician from Hoshiarpur in Punjab, is not a name that will strike a chord in mainstream politics or social discourse today. It might in...
More »Political donations to get transparent
-The Times of India MUMBAI: India Inc has had to wait for nearly three years for the government to roll out the rules relating to the functioning of Electoral Trusts. The rules have been recently notified and come into effect from January 31, 2013. The 2009 Budget had introduced provisions relating to Electoral Trusts in the Income-tax Act. It provided for tax exemption to Electoral Trusts which distribute contributions to political parties,...
More »Companies donate big to Congress, BJP-Anuja and Liz Mathew
-Live Mint/ The Wall Street Journal Contributions more than doubled between 2004 and 2009 polls; experts say published figures just tip of the iceberg Contributions, including money from top companies, to the country’s two largest political parties, the Congress and the Bharatiya Janata Party (BJP), more than doubled between the 2004 and 2009 general elections. This revelation affirms a trend of companies, most of which are listed, opting for a transparent route to...
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