On Monday, the reports by the Association for Democratic Reforms (ADR) published the names of the top five parties whose donations were analysed. The corporate funds accounted for 91% of the total donation of political parties in 2019-20.
According to the reports published by the Association for Democratic Reforms (ADR), Corporate and Business Houses contributed ₹ 921.95 crores to popular parties in the financial year 2019-20, and the BJP received the highest share of ₹ 720.407 crores.
Reports say the donations from the corporations given to national parties increased by 109 percent in the middle of FY2019 and 2018-19, The analysis by the corporation for Democratic Reforms, an NGO working for conducting clarity in electoral politics. This inspection was done on the basis of the details given by the parties to the Election Commission of India which has made a donation of more than Rs 20,000 in a financial year.
The ruling party BJP persisted as the biggest recipient of corporate donations in FY 2019-20. After there was an election of the Lok Sabha, which has also seen the largest corporate funding to national parties, the entire sum of 921.95 crores. Earlier in the year 2014-15, the last Lok Sabha poll year, the amount was 573.18 crores.
Two more national parties, BSP and CPI were not part of ADR reports following the announcement made by the Bahujan Samaj Party that they didn’t get any donation More than ₹20,000 in FY19-20 and CPI didn’t claim any income from corporates. In the reports by India’s election laws, details of all contributions above ₹20,000 must be revealed in the financial details to the Election Commission.
The donations from corporate or business houses were split into 15 categories by ADR and do not form a part of the compliance by parties to ECI. The sections comprise trusts and categories of companies, construction, oil and power, construction, mining, real estate, exports/imports, and others.
The reports said in the year 2019-20, BJP, Congress, AITC and NCP received the highest donation from electoral trusts. The Bharatiya Janata Party received the highest amount of ₹ 323.32 crores, after INC (Rs 71.00 crore), AITC (Rs 2.00 crore), and NCP (Rs 1.50 crore).
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