Congress declares highest total income at Rs 1,687 crore followed by BJP

March 12, 2016

Hyderabad, Mar 12: Indian National Congress topped the chart of political parties in India by declaring the highest total income at Rs 1,687.12 crore, followed by the BJP, for the period 2010-11 to 2013-14, according to a report by the Association for Democratic Reforms (ADR).

"The total income of national parties, excluding BJP, INC and the Nationalist Congress Party for 2014-15, collectively for five years (2010-11 to 2014-15), from all over India was Rs 4,261.23 crore.

congress"Despite lack of information for 2014-15, Congress declared the highest total income from all over India of Rs 1,687.12 crore followed by BJP with Rs 1,475.44 crore," the NGO said.

The report titled 'Analysis of Income Tax Returns and Donations received by National and Regional parties of Andhra Pradesh and Telangana for FY 2010-11 to 2014-15 was prepared by the 'Andhra Pradesh and Telangana Election Watch' and ADR.

"Income for INC from sale of coupons/publication amounted to Rs 1,311.96 crore (77.7 per cent of total income)," stated the report released at a press conference by the office-bearers of both the bodies.

Voluntary contributions/donations is the most common and the highest source of income for most of the national and regional political parties. It forms 46.49 per cent (Rs 2039.647 crore) of the total income of all political parties together, it said.

BJP has received 87.93 per cent income (Rs 1,297.37 crore) from voluntary contributions while Congress received 10.93 per cent (Rs 184.408 crore) income from donations.

According to its IT returns, 54.39 per cent (Rs 212.78 crore) of the total income of BSP was through voluntary contributions, but the party declared that it never received any amount above Rs 20,000 as donations, the report claimed.

ADR recommended that national and regional political parties must provide all information of their finances under RTI.

Besides, ECI should impose rules that no part of the form 24A submitted by political parties providing details of donations above Rs 20,000 should be left blank and full details of donors should be made available for public scrutiny under the RTI.

It further recommended that any party which does not submit its donation statement to the ECI on or before the due date, their income should not be tax exempted and defaulting parties should be derecognised.

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News Network
January 12,2020

Kolkata, Jan 12: Prime Minister Narendra Modi on Sunday said a section of the youth is being misguided about the Citizenship Amendment Act and asserted that it will not take away anybody's citizenship.

Modi also said whoever has faith in India and believes in its Constitution can become an Indian citizen.

“There are a lot of questions among the youth about the new citizenship law, and some are being misled by rumours around it... it is our duty to clear their doubts,” the PM said during an address at Belur Math in Howrah district.

“I want to make this clear again that the CAA is not about taking away anybody's citizenship, but about granting citizenship,” he added.

Modi said that some people with political interests are deliberately spreading rumours about the new citizenship law.

Lauding the youth for speaking against religious persecution of minorities, the prime minister said the energy of the country's young will form the basis of change in the 21st century. The PM is on a two-day visit to the city.

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Agencies
January 5,2020

New Delhi, Jan 5: Senior Congress leader P Chidambaram on Sunday sàid it was "shameful" that Sadaf Jafar, SR Darapuri and Pavan Rao were arrested by the Uttar Pradesh Police for violence without any evidence against them.

He also said that it was a shocking admission by the police that there is no evidence of their involvement.

"Sadaf Jafar, S R Darapuri and Pavan Rao Ambedkar released on bail after police ADMITTED no evidence of their involvement in violence. Shocking admission," he said on Twitter.

"If that were so, why did the police arrest them in the first place? And how did the Magistrate remand them to custody without looking at the evidence," he asked.
"The law says 'find evidence, then arrest'. The reality is 'first arrest, then search for evidence'. Shameful," Chidambaram tweeted.

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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