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'Congress richest party, BJP next'
Monday September 10, 2012 06:07:30 PM,
IANS
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New Delhi: The
Congress is the richest political party in India, followed by
rival Bharatiya Janata Party (BJP), reveals data collected by
think-tanks Association for Democratic Reforms and National
Election Watch.
The think-tanks said that even though donations formed a bulk of
the income of the political parties, very few of them revealed the
sources of donations.
In the last seven years, between financial years 2004-05 and
2010-11, Congress' earning was Rs.2,008 crore, followed by the BJP
with Rs.994 crore.
Following the two national parties is the Bahujan Samaj Party (BSP)
with income, for this period, of Rs.484 crore, the Communist Party
of India-Marxist (CPI-M) Rs.417 crore and the Samajwadi Party
Rs.279 crore.
"It is mandatory for political parties to declare donations above
Rs.20,000. But very few of them declare where they got the
donation from," said Anil Bariwal, national coordinator for the
think-tanks.
Contributions by those who make donations above Rs.20,000 and
disclose their names form a very small percentage of the total
income of political parties, he said.
For financial years 2009-10 and 2010-11, the BJP's donations from
named donors amounted to 22.76 percent of the total income. The
Congress, during this period, showed a mere 11.89 percent of their
income from contributions by named donors, followed by the
Nationalist Congress Party (NCP) with 4.64 percent and the CPI-M
1.29 percent.
The BSP declared that it had not received any donations above
Rs.20,000.
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