Assets of JD(U), JD(S) grew by 298, 102 per cent respective in past two years
New Delhi, Oct 07: Regional parties have declared assets worth Rs 1,320 crore for the years 2017-18.
A report by the Association for Democratic Reforms says that the declaration for the years 2017-18 was made by 41 regional parties. In the years 2016-17, 39 regional parties declared assets worth Rs 1,267.81 crore.
During FY 2016-17, the highest assets declared by SP totalled Rs 571.12 cr and increased by 2.13% to Rs 583.29 cr during FY 2017-18, followed by DMK with total assets of Rs 183.36 cr in FY 2016-17 and Rs 191.64 cr in FY 2017-18.
During FY 2016-17 and 2017-18, the total assets of JDU (298.3%), JDS (102.9%) and TRS (100.4%) increased by more than 100%.
SHS is the only party among the top 10 parties to show a decrease in their declared annual assets by 1.2%, from Rs 52.56 cr to Rs 51.92 cr between FY 2016-17 and 2017-18.
The total liabilities for FY 2016-17 declared by the 39 Regional Parties amounted to Rs 40.33 cr and Rs 61.61 cr for 41 parties in FY 2017-18.
During FY 2017-18, the highest liabilities were declared by TDP amounting to Rs 22.71 cr, an increase of 190% from the previous financial year, while in FY 2016-17, DMK declared the highest liabilities worth Rs 8.05 cr.
Between FY 2016-17 and 2017-18, the total annual liabilities declared by YSR-C and SAD showed an increase of 48.86% and 34.77% respectively.
AAP is the only party among the top 10 parties to show a decrease in their declared annual liabilities by 21.31%, from Rs 1.22 cr to Rs 0.96 cr between FY 2016-17 and 2017-18.
The total Capital/ Reserve fund set aside by the Regional Parties during FY 2016-17 was Rs 1227.59 cr, and Rs 1258.45 cr for FY 2017-18, after adjusting for liabilities for the respective years, from the total assets of the parties.
For FY 2017-18, SP declared the highest capital of Rs 583.22 cr followed by Rs 189.41 cr of AIADMK and Rs 183.59 cr of DMK.
During FY 2016-17, JDU declared the lowest capital fund of Rs 2.887 cr followed by MNS (Rs 8.218 cr) among the top 10 regional parties.
The reserve funds of JDS increased by 1281.97% from Rs 0.61 cr in FY 2016-17 to Rs 8.43 cr in FY 2017-18 while that of JDU increased by 357.64%. In case of SAD, the reserve funds decreased by 339.62% between FY 2016-17 and 2017-18.