Bihar polls: Donations for political parties likely to rise
New Delhi, Sept 23: As the elections in Bihar approach, the number of donors for political parties too is expected to shoot up. While the actual amount donated to political parties will be known after the elections, analysts say that the donations this time may overshoot the figures compared to 2010.
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Political parties rely heavily on donations for fighting elections and running their daily affairs. They receive huge sums of money in the form of donations and contributions from corporate, trusts and individuals says the Association for Democratic Reforms.
Section 29C of the Representation of People Act, 1951 says that political parties are required to submit contribution details received in excess of Rs 20,000 from any person or a company.
This section has been interpreted by political parties, to include every single donation made above Rs 20,000 by any person at one time.
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This section however, would also include in it multiple donations made by the same person, entity or company aggregating Rs 20,000 or above during the year.
How
much
donation
did
parties
receive
in
2010?
Of
the
2
National
Parties
in
Bihar,
the
BJP
lead
the
table
with
Rs
82,000.50
lakhs
collected
from
donations
over
a
period
of
7
years,
between
FY
2004-05
and
2010-11,
followed
by
the
INC
with
Rs
27,250.48
lakhs
collected
from
donations
during
the
same
period.
The JD(U), being the ruling party, has declared its income from donations between FY 2004-05 and 2010-11 to be Rs 2,600.59 lakhs while the Rashtriya Janata Dal has declared its collection from donations to be Rs 1,298.72 lakhs during the same period
Of the two National Parties, BJP has declared that 82.43% of its income has come from donations received between FY 2004-05 and 2010-11 while INC has only 13.57% of its total income derived from donations between the same period.
Of the two Regional Parties of Bihar, JD(U) has approximately 97.48% of its total income coming from donations collected between FY 2004-05 and 2010-11 while RJD has declared that the share of donations from total income is 61.32% during the same period
Share
of
Donations
received
in
excess
of
Rs
20,000:
In
spite
of
a
total
income
of
Rs
2,00,871.74
lakhs
between
FY
2004-05
and
2010-11,
INC
had
declared
that
only
8.85%
of
its
total
income
is
covered
by
donations
above
Rs
20,000.
BJP, with a total income of Rs 99,476.67 lakhs, has only 19.46% coming from donations above Rs 20,000 collected during the same period.
RJD had not submitted its donations report for the FY 2004-05 to FY 2007-08 to the Election Commission of India hence total income has been computed from FY 2008-09 to 2010-11 which shows that 45.16% of its total income is derived from donations above Rs 20,000 while JD(U) has a 25.80% share of income coming from donations above Rs 20,000 for all 7 financial years.
Top
donors:
Below
is
the
list
of
top
donors.
All
the
figures
mentioned
are
in
lakhs:
INC:
General
Electoral
Trust-
3641
Torrent
Power
Ltd-
1415
Bharti
Electoral
Trust-
1100
BJP:
General
Electoral
Trust-
2607
Torrent
Power
Ltd-
1300
Asianet
V
Holding
Pvt
Ltd-
1000
JD(U):
Shashi
Bhushan
Saurabh-
104
Jaypee
Ventures
Pvt
Ltd-
100
Bharti
Electoral
Trust-
100
Videocon
Industries
Ltd-
100
RJD:
General
Electoral
Trust-
200
Waluj
Component-
100
Bharti
Electoral
Trust-
100
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