BJP richest national party, total income Rs 1,034 cr in FY17: ADR

Agencies
April 10, 2018

New Delhi, Apr 10: Seven national parties declared a total income of Rs 1,559.17 crore in 2016-17, with BJP having the highest -- Rs 1,034.27 crore, says a report.

"This forms 66.34 per cent of the total income of national parties added together during 2016-17," Delhi-based think-tank Association for Democratic Reforms (ADR) said in a report released today.

Indian National Congress (INC) followed with Rs 225.36 crore -- 14.45 per cent of the total income, it said, adding that CPI has declared the lowest income of Rs 2.08 crore which forms a mere 0.13 per cent.

The data has been compiled from Income Tax returns filed by the parties across the country.

The seven national parties declared a total expenditure of Rs 1,228.26 crore, the report added.

BJP declared the maximum expenditure of Rs 710.05 crore in 2016-17, while Congress incurred total expenses of Rs 321.66 crore (Rs 96.30 crore more than its total income).

The report further said that 70 per cent of the total income of BSP, 31 per cent of the total income of BJP and CPI and 6 per cent of the total income of CPM during 2016-17 was declared unspent.

BSP's total income was Rs 173.58 crore during 2016-17, while its total expenditure was Rs 51.83 crore.

Between 2015-16 and 2016-17, the income of BJP increased by 81.18 per cent from Rs 570.86 crore to Rs 1,034.27 crore, while that of INC decreased by 14 per cent from Rs 261.56 crore to Rs 225.36 crore.

Income of BSP increased by 266.32 per cent from Rs 47.38 crore during 2015-16 to Rs 173.58 crore in 2016-17, while that of NCP increased by 88.63 per cent from Rs 9.137 crore during 2015-16 to Rs 17.235 crore in 2016-17.

The report further noted that between 2015-16 and 2016-17, the income of AITC decreased by 81.52 per cent and that of CPM fell by 6.72 per cent.

BJP and Congress have declared donations/ contributions as one of their three main sources of income.

"Grants/donations/contributions of Rs 997.12 crore declared by BJP formed 96.41 per cent of the total income of the party during 2016-17. Declaration of Rs 115.64 crore under revenue from the issuance of coupons by INC forms the topmost income of the party, contributing 51.32 per cent of the total income of the party during 2016-17," ADR said.

The maximum expenditure for BJP during 2016-17 was towards election/general propaganda, which amounted to Rs 606.64 crore followed by expenses towards the administrative cost, Rs 69.78 crore.

INC spent the maximum Rs 149.65 crore on election expenditure followed by the expenditure of Rs 115.65 crore on administrative and general expenses, the report said.

Seven national parties have collected maximum 74.98 per cent (Rs 1,169.07 crore) income from voluntary contributions for 2016-17.

During 2016-17, national parties received Rs 128.60 crore income from interest from banks and FD.

The report added that 7.98 per cent or Rs 124.46 crore was the income generated through revenue from the issuance of coupons by national parties during 2016-17.

ADR had earlier released the Analysis of Income & Expenditure of National Political Parties for FY2016-2017 on February 7, 2018, without the details of BJP and INC as the audit reports of these parties were not available in the public domain.

The due date for submission of annual audited accounts for the parties was October 30, 2017. BJP submitted its audited report on February 8, 2018 (delayed by 99 days) and Congress on March 19, 2018 (delayed by 138 days).

In its observation, ADR said that four out of seven national parties (BJP, INC, NCP and CPI) have consistently delayed submitting their audit reports for the past five years.

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Agencies
June 16,2020

As the Indian workforce navigates a shrinking job market in lockdown times, two in five professionals believe that the number of jobs and scheduled interviews will decrease in the next two weeks, a new LinkedIn survey said on Tuesday.

The news comes as bittersweet for Indian professionals as more than one in three stated they will now spend more time working on their resumes and preparing for interviews.

Professionals from healthcare, manufacturing and corporate service industries anticipate a decrease in personal spending and personal investments in the next six months, according to the findings of the fortnightly LinkedIn Workforce Confidence Index based on responses from 2,903 professionals in the country.

This findings showed that while India's overall confidence remains steady, the country's confidence in jobs is beginning to trend downward.

However, employees at large enterprises (firms with over 10,000 workers) are more confident about the future of their employers when compared to their peers from mid-market and SMB companies.

The findings showed that 41 % of enterprise professionals think their companies will do better in the next six months, while 63 % think their companies will be better off one year from now.

However, "the enterprise professionals are least confident about the future of their jobs, finances and careers, when compared to their SMB and mid-market peers".

The findings showed that 52 % of healthcare, 48% of corporate services, and 41 % of manufacturing professionals anticipate a decrease in investments in the next 6 months.

Over the past three months, many organizations have shifted to a remote working model to circumvent the pandemic and ensure business continuity.

Three in five marketing professionals feel confident about being effective when working remotely, joined by more than half of project management and engineering professionals, who are also confident about the effectiveness of remote working.

In contrast to this optimism, only 39 % of HR, 36% of finance, and 31 % of education professionals think they would be effective when working remotely, said the survey.

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News Network
January 29,2020

New Delhi, Jan 29: Badminton champion Saina Nehwal joined the ruling BJP today and is likely to campaign for the party ahead of the February 8 Delhi election.

"I have won medals for the country. I am a very hardworking and I love hardworking persons. I can see Prime Minister Narendra Modi does so much for the country, I want to do something for the country with him," the shuttler said, wearing the BJP scarf.

"I draw a lot of inspiration from Narendra sir".

Haryana-born Saina Nehwal, 29, is a major acquisition for the party in the middle of the Delhi poll campaign; she is one of the most popular sportspersons in India with a huge fan following and brand value. She is preparing for the 2020 Tokyo Olympics.

A former world number 1, she has been honoured with the country's top sporting awards like the Rajiv Gandhi Khel Ratna and Arjuna Award. She was also awarded the Padma Bhushan in 2016.

The Badminton player has won over 24 international titles. In the London Olympics, she won a bronze. She was world number two in 2009 and number one in 2015.

With her tweets praising Prime Minister Narendra Modi, Saina Nehwal was widely seen to lean towards the BJP.

One of her tweets became controversial when it was found to be identical to several others in praise of a PM Modi speech last year. Saina was trolled on Twitter with screenshots of the identical tweets. She was also among the sportswomen who put up identical tweets on Diwali thanking PM Modi for his initiative to empower women, with the hashtag #bharatkilaxmi.

The BJP roped in many famous personalities last year, including cricketer Gautam Gambhir, who was elected MP from Delhi in the national election, and wrestler Babita Phogat. Just before the Haryana assembly polls, the party roped in wrestler Sushil Kumar, Babita Phogat and former Hockey team captain Sandeep Singh. Sandeep Singh won the election and was appointed minister.

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News Network
March 9,2020

New Delhi, Mar 9: Petrol and diesel prices registered a drop across the country on Monday as global oil prices plummeted around 30 per cent after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

In New Delhi, petrol price fell by 24 paise intra-day and stood at Rs 70.59 per litre. Diesel in the national capital was retailed at Rs 63.26 per litre on Monday as against Rs 63.51 on Sunday.

The retail price of petrol in Kolkata saw a drop of 23 paise to Rs 73.28 per litre. The diesel price fell by 25 paise in the eastern metropolitan city to retail at Rs 65.59 per litre.

In Mumbai, petrol price was Rs 76.29 per litre as against Rs 76.53 a day earlier. Diesel was retailed at Rs 66.24 per litre, 26 paise lower than on Sunday.

In Chennai, petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. Diesel price saw a fall of 26 paise to retail at Rs 66.75 per litre in the southern metropolitan.

Global crude oil prices fell by as much as a third following Saudi Arabia's move to start a price war with Russia amid worries over the spread of coronavirus.

Brent crude futures were down 13.29 dollars or 29 per cent at 31.98 dollars a barrel by 04:33 hrs GMT after earlier dropping to 31.02 dollars, their lowest since February 12, 2016.

Brent futures were on track for their biggest daily decline since January 17, 1991 at the start of the first Gulf War.

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