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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 28,2020

Mumbai, Mar 28: Doctors in Mumbai have not been spared by the novel coronavirus. As Mumbai’s count for Covid-19 cases went up to 58, an octogenarian doctor from Saifee Hospital passed away on Friday. He was a suspected case of coronavirus with co-morbid conditions like diabetes and had a pacemaker implanted, said a press release from the state health department.

As per a statement from Saifee Hospital, he underwent a CT scan at Saifee Hospital and was diagnosed positive for Covid-19. The surgeon was transferred to the special isolation facility at PD Hinduja Hospital where he subsequently died. Behranwala’s close relatives had come down from England and were under quarantine.

In a statement, Saifee Hospital, where Behranwala underwent CT scan, said, "All containment and surveillance measures have been implemented to ensure the safety of our staff patients and visitors. Saifee Hospital reiterates that the Hospital is fully operational," said Dr Vernon Desa, Director (Medical governance and clinical compliance) Saifee Hospital.

In the second case, an Andheri-based doctor, aged 53, has been tested positive along with his 43-year-old wife and 20-year-old daughter. The family doesn’t have a travel history. The doctor reportedly came in contact with the virus through a patient. MCGM has taken samples of 60 patients who came in contact with the doctor. "As of now, no patient from his contact has tested positive," Assistant Commissioner, Vishwas Mote.

Another doctor who practiced at Vakola tested positive after he came in contact with a person having travel history to Italy, later tested positive. The doctor has been admitted at Raheja hospital and samples of his close contact have been taken.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 16,2020

New Delhi, Mar 16: Reliance Group Chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

They said Ambani was asked to depose at the Enforcement Directorate office in Mumbai on Monday as his group companies are among the big entities whose loans went bad after borrowing from the crisis-hit bank.

The officials said Ambani, 60, has sought exemption from appearance on some personal grounds and he may be issued a new date.

Ambani's group companies are stated to have taken loans of about Rs 12,800 crore from the bank that turned NPAs.

Finance Minister Nirmala Sitharaman had said in a March 6 press conference that the Anil Ambani Group, Essel, ILFS, DHFL and Vodafone were among the stressed corporates Yes Bank had exposure to.

Officials said promoters of all the big companies who had taken large loans from the beleaguered bank which later turned bad are being summoned for questioning in the case to take investigation forward.

Ambani's statement will be recorded under the Prevention of Money Laundering Act (PMLA) upon deposition, they said.

Kapoor, 62, is at present in ED custody after he was arrested by the central probe agency early this month.

The ED has accused Kapoor, his family members and others of laundering "proceeds of crime" worth Rs 4,300 crore by receiving alleged kickbacks in lieu of extending big loans through their bank that later turned NPA.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 3,2020

New Delhi, May 3: Union Health and Family Welfare Minister Dr Harsh Vardhan on Sunday said that India's COVID-19 mortality rate of 3.2 per cent is the lowest in the world and over 10,000 coronavirus patients have been discharged from hospitals after recovering from the disease so far.

"Today more than 10,000 COVID-19 patients have been discharged. Those still admitted at hospitals are on the road to recovery. If in last 14 days doubling rate was 10.5 days, then today it is around 12 days," the Minister told ANI after visiting Lady Hardinge Hospital.

"Our mortality rate of 3.2 per cent is the lowest in the world," he said.

With 2,644 more COVID-19 cases and 83 deaths in the last 24 hours, the number of people infected from coronavirus in the country has reached 39,980 including 1,301 deaths, said the Union Ministry of Health and Family Welfare on Sunday.

Currently, there are 28,046 active cases while 10,633 COVID-19 positive patients have been cured/discharged.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.