77% of total income of BJP, Cong from unknown sources in FY16

Agencies
September 6, 2017

New Delhi, Sep 6: The BJP and the Congress together saw more than 77 per cent, or Rs 646.82 crore, of their total income coming from "unknown sources" in 2015-16, says a report.

Voluntary contributions and coupon sales were the key income sources for the ruling BJP and the Congress (INC) while the two parties' cumulative total income amounted to Rs 832.42 crore in fiscal 2016, according to the Association for Democratic Reforms (ADR).

A non-government organisation that works for electoral reforms, ADR said the total declared income of the BJP and the Congress stood at Rs 570.86 crore and Rs 261.56 crore, respectively, in 2015-16.
The findings are based on an analysis of the two parties' income and expenditure data submitted to the Election Commission of India.

In 2015-16, the BJP's income from unknown sources was Rs 460.78 crore while that of INC was Rs 186.04 crore.

Income from "unknown sources" refers to those where the source is not declared for donations below Rs 20,000. Such income includes those from sale of coupons, relief fund, miscellaneous income, voluntary contributions and contribution from meetings or morchas, stated the report.

The contribution statements, submitted by the political parties declaring names and other details of donors who contribute above Rs 20,000, are the only known sources of income parties, ADR said.

Among the unknown sources of funding, maximum funds were collected under "voluntary contributions" by the BJP, which amounted to Rs 459.56 crore in fiscal 2016, it said.

The total amount of voluntary contributions, including donations of over Rs 20,000, received by the BJP was Rs 536.41 crore in 2015-16.

As for the Congress, the report said the party collected Rs 167.96 crore from "sale of coupons" during the same period.

"Total income of seven national parties for 2015-16 was Rs 1,033.18 crore, of which the parties spent Rs 754.45 crore and declared an unspent amount of Rs 278.73 crore (26.98 per cent unspent of total income)," the report added.

Among the seven national parties, the report said the BJP had the highest total income at Rs 570.86 crore in 2015-16, followed by the Congress at Rs 261.56 crore, the CPM (Rs 107.48 crore), the BSP (Rs 47.39 crore), the Trinamool Congress (Rs 34.58 crore), the NCP (Rs 9.14 crore) and the CPI (Rs 2.18 crore).

According to the analysis for 2015-16, 23 per cent of BJP's total income remained unspent whereas it was 26 per cent in the case of the Congress.

Compared to its total income of Rs 970.43 crore in 2014- 15, the BJP saw the amount fall 41 per cent to Rs 570.86 crore in 2015-16.

The Congress saw total income drop 56 per cent to Rs 261.56 crore in 2015-16, from Rs 593.31 crore in the year-ago period.

The report further said the contribution statements submitted by the political parties declaring names and other details of donors who contribute above Rs 20,000 are the only known sources of income parties.

Funds from "known sources (donations above Rs 20,000)" accounted for Rs 97.27 crore of the two parties' total income in 2015-16 put together.

Of the BJP's total income, Rs 76.85 crore came from such sources whereas the same stood at Rs 20.42 crore in the case of the Congress.

Apart from known and unknown sources, the total income includes "other known income" -- which include sale of moveable and immoveable assets, old newspapers, membership fees, delegate fee, bank interest, sale of publications and levy. In 2015-16, the BJP and the Congress received Rs 33.23 crore and Rs 55.10 crore, respectively, by way of "other known income".

Income from bank interest accounted for Rs 19.617 crore and Rs 44.67 crore for the BJP and the Congress, respectively.

"The BJP declared a total income from donations above Rs 20,000 of Rs 76.85 crore, a mere 14.33 per cent of total donations, from donors whose details are available," the report said.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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News Network
June 26,2020

New Delhi, Jun 26: Petrol prices in the national capital have reached Rs 80.13 per litre on June 26, up by 21 paise from yesterday’s Rs 79.92 per litre; while diesel prices in Delhi also rose to Rs 80.19 per litre – up by 17 paise compared to yesterday’s Rs 80.02 per litre.

This is the 20th consecutive day that fuel prices have been hiked by oil marketing companies (OMCs). The hikes began from June 8 after a 83-day halt on revised pricing during the lockdown period.

The state government’s increased value-added tax (VAT) on diesel since May is causing the fuel’s prices to soar in Delhi. VAT was increased to 30 percent for both petrol and diesel from 27 percent and 16.75 percent, respectively.

Coupled with the Centre’s hiked excise duty of Rs 3 per litre since March 14 and then Rs 10 per litre on petrol and Rs 13 per litre on diesel since May 5 has affected prices.

The hike on diesel prices is unusual, as the government traditionally keeps the price for the fuel low due to its impact on agriculture and other high consumption economic activities.

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News Network
February 17,2020

New Delhi, Feb 17: Indian officials denied entry to British lawmaker Debbie Abrahams on Monday after she landed at New Delhi's Indira Gandhi International Airport.

Debbie Abrahams, a Labour Party Member of Parliament who chairs a parliamentary group focused on the Kashmir, was unable to clear customs after her valid Indian visa was rejected, her aide, Harpreet Upal, told The Associated Press.

Abrahams and Upal arrived at the airport on an Emirates flight from Dubai at 9 am. Upal said the immigration officials did not cite any reason for denying Abrahams entry and revoking her visa, a copy of which, valid until October 2020, was shared with the AP. A spokesman for India's foreign ministry did not immediately comment.

Abrahams has been a member of Parliament since 2011 and was on a two-day personal trip to India, she said in a statement.

"I tried to establish why the visa had been revoked and if I could get a 'visa on arrival' but no one seemed to know," she said in the statement.

"Even the person who seemed to be in charge said he didn't know and was really sorry about what had happened. So now I am just waiting to be deported ... unless the Indian Government has a change of heart. I'm prepared to let the fact that I've been treated like a criminal go, and I hope they will let me visit my family and friends."

Abrahams has been an outspoken critic of the Indian government's move last August stripping Jammu and Kashmir of its semi-autonomy and bifurcating the state into two Union Territories.

Shortly after the changes to Kashmir's status were passed by Parliament, Abrahams wrote a letter to India's High Commissioner to the UK, saying the action "betrays the trust of the people" of Kashmir.

India took more than 20 foreign diplomats on a visit to Kashmir last week, the second such trips in six months.

Access to the region remains tight, with no foreign journalists allowed.

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