POLITICAL FUNDING

March 11, 2020

As much as 67% of donations to national parties in 2018-19 came from “unknown sources,” an increase from 53% in the previous financial year, said a report released by the Association for Democratic Reforms (ADR).

About:

  • The ADR analysed the income tax returns and donation statements submitted to the Election Commission by the BJP, the Congress, the Trinamool, the Communist Party of India, the Communist Party of India (Marxist), the Nationalist Congress Party and the Bahujan Samaj Party.

  • The total income of the parties was ₹3,749.37 crore, of which ₹951.66 crore was from known donors. Of the total income from unknown sources, 64% went to the BJP and 29% to the Congress.

  • Electoral bonds accounted for 78% of the ₹2,512.98-crore income from unknown sources.

  • While parties are required to give details of all donations above ₹20,000, donations under ₹20,000 and those through electoral bonds remain anonymous.

  • Way ahead: “Since a very large percentage of the income of political parties cannot be traced to the original donor, full details of all donors should be made available for public scrutiny under the RTI [Right to Information Act],” the ADR said in a statement. 

Source : The Hindu

Latest Current Affairs

See All

Enquire Now