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Asset increase of 7 national parties between 2004 and 2016 was 530 per cent

By Vicky
|

The average total assets declared by the seven National Parties during for 2004-05 was Rs 61.62 cr which increased to Rs 388.45 cr during 2015-16. This was stated in a report prepared by the Association for Democratic Reforms.

Asset increase of 7 national parties between 2004 and 2016 was 530 per cent

A decrease of Rs 95 cr was declared by the parties together between 2008-09 and 2009-10 while an increase of Rs 156.51 cr was declared between FY 2009-10 and 2010-11.

During 2004-05, the declared asset of BJP was Rs 122.93 cr which increased by 627.15% to Rs 893.88 cr during FY 2015-16.

CPM and AITC are the only two National Parties to show a steady increase in their annual declared assets. The total assets of CPM between 2004-05 and 2015-16 increased by 383.47% (Rs 90.55 cr to Rs 437.78 cr) while that of AITC increased from Rs 0.25 cr to Rs 44.99 cr (by 17896%).

The assets declared by National Parties fall under 6 major heads: fixed assets, loans & advances, FDR/ deposits, TDS, Investments and other assets.

During 2004-05, the National Parties declared maximum assets under FDR/ deposits which amounted to Rs 183.442 cr. This constituted 42.53% of total assets declared by the parties under various heads.

During 2015-16, the highest asset category is other assets under which the parties have declared holding Rs 1605.114 cr which formed 59% of the total assets declared under various heads by the parties.

It is to be noted that the only asset category to show a reduction in value was "Investments". During 2004-05, parties invested a total of Rs 16.936 cr whose current value stands at Rs 4.018 cr.

Declaration of liabilities by National Parties - FY 2004-05 to 2015-16

The seven National Parties declared a total of Rs 47.77 cr as liabilities during FY 2004-05, an average of Rs 6.82 cr per party. CPM declared highest liabilities of Rs 20.285 cr followed by BJP with Rs 14.298 cr.

A marked increase in total liabilities of parties is observed during FY 2008-09 (Rs 134.429 cr), 2011-12 (Rs 145.844 cr) & 2014-15 (Rs 387.639 cr).

The total liabilities for 2015-16 declared by the National Parties is Rs 383 cr, an average of Rs 54.71 cr per party. INC declared the highest liabilities of Rs 329.43 cr followed by BJP with Rs 24.99 cr.

CPM is the only party to declare a decrease in liabilities from Rs 20.285 cr during FY 2004-05 to Rs 5.14 cr during FY 2015-16.

The liabilities declared by National Parties fall under 2 major heads: borrowings (from banks, overdraft facilities and sundry creditors) and other liabilities.

During 2004-05, the National Parties declared maximum liabilities under "other liabilities" - Rs 31.43 cr while during 2015-16, the highest liabilities were "borrowings" where the parties declared a total of Rs 333.14 cr.

CPM has declared nil liabilities under "borrowings" for all years except during FY 2010-11 when the party declared Rs 44.70 lakhs under this head. "Other liabilities" amount to Rs 5.14 cr for the party for FY 2015-16.

Highest liabilities declared by INC was during 2014-15 during which the party had liabilities amounting to Rs 327.54 cr under "borrowings".

Capital declared by National Parties - FY 2004-05 to 2015-16

The total Capital/ Reserve fund set aside by the National Parties during 2004-05 was Rs 383.56 cr, and Rs 2336.17 cr for 2015-16.

BJP has the highest capital at present after declaring Rs 868.889 cr followed by Rs 557.38 cr of BSP and Rs 432.64 cr of CPM.

The reserve funds of BJP, between 2004-05 and 2015-16 increased by 700% while that of INC increased by 169%. Highest percentage increase was seen in AITC with 13447% followed by BSP with 1194%.

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