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Electoral trusts disclose Rs 177-cr donation to parties: ADR

April 25, 2016

New Delhi, Apr 25: Six electoral trusts together disbursed Rs 177.40 crore to 19 political parties during the fiscal 2014-15, with the BJP receiving the maximum donation of Rs 111.35 crore, as per a new report citing latest disclosures.

parties copyThe report by rights group Association for Democratic Reforms (ADR) said electoral trusts received a total amount of Rs 177.55 crore from corporates and individuals and distributed Rs 177.40 crore (99.92 per cent) to various political parties.

The BJP, the INC, the NCP and the CPM were the four national parties that got contributions from the six electoral trusts during fiscal 2014-15.

The BJP was the recipient of the maximum amount of Rs 111.35 crore from three electoral trusts followed by the INC with Rs 31.65 crore from three electoral trusts.

The CPM received a total of Rs 2.35 lakh from Triumph Electoral Trust during fiscal 2014-15, but the party did not declare the same in its donations report to the Election Commission of India (ECI).

According to the rules formulated by the government, electoral trusts are required to donate 95 per cent of their total income to registered political parties in a financial year.

Electoral Trusts' sole purpose is to fund registered political parties in a transparent manner.

Satya Electoral Trust received total contribution of Rs Rs 141.78 crore while Progressive Electoral Trust got Rs 25.14 crore, Janpragati Electoral Trust (Rs 4.02 crore), Bajaj Electoral Trust (Rs 3.05 crore), Triumph Electoral Trust (Rs 3.028 crore) and Samaj Electoral Trust (Rs 0.525 crore).

Satya Electoral received the highest amount of Rs 141.78 crore from corporates and distributed Rs 141.75 crore (99.98 per cent) to various political parties.

Satya Electoral donated 75.66 per cent, or Rs 107.25 crore, to the BJP while Triumph Electoral donated 66 per cent, or Rs 2 crore, of its total income to the party.

The six electoral trusts made contributions to 15 recognised regional parties which include the BJD, the INLD and the AAP, among others.

Total donations received by the regional parties from electoral trusts was Rs 27.58 crore.

Satya Electoral gave Rs 5 crore to the INLD, but the party has not filed its donations report to the ECI for fiscal 2014-15.

Indiabulls HousingFINANCE had contributed the maximum amount of Rs 40 crore to Satya Electoral Trust, which formed 22.53 per cent of the trust's total donations followed by DLF, which donated Rs 25.01 crore and constituted 14.08 per cent of total donations.

Tata Steel contributed the maximum amount and donated Rs 14.134 crore, which formed 56.19 per cent of total donations to Progressive Electoral Trust, followed by Tata Sons, which donated Rs 4.74 crore and constituted 18.85 per cent of total donations.

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News Network
March 29,2020

Theni, Mar 29: A young man under home quarantine for coronavirus after return from Sri Lanka suddenly ran out of his house and fatally bit a 80-year old woman in his neighbourhood in a village near here, police said on Saturday.

The woman with injuries in her neck was hospitalised late Friday after the incident but died on Saturday without responding to treatment, they said.

The man, a resident of Jakkamanayakanpatti and engaged in seasonal business in clothing, was overpowered and handed over to police, who arrested him and investigations were on.

He had recently returned from Sri Lanka and directed to remain under quarantine by health authorities as per the protocol for foreign returnees to check coronavirus spread.

He came out of his house on Friday evening and all of a sudden, denuded himself and began running through the street.

Shocked family members including his father gave a chase even as he caught hold of Nachiyammal, seated on her house’s front yard and bit hard her neck.

The man’s kin overpowered him and admitted the woman to nearby Bodi Government Hospital where doctors on Saturday said she succumbed to her injuries, not responding to treatment. Health authorities were unavailable for comments immediately.

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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