DMK is the richest regional party in India, says ADR report
New Delhi, Oct 27: On Friday, the Association for Democratic Reforms (ADR), a non-governmental organisation which works in the area of electoral and political reforms, released a report detailing the income and expenditure of all regional parties in the country pertaining to 2015-16.
The report has found that the Tamil Nadu and Puducherry-based political party, Dravida Munnetra Kazhagam (DMK), is the richest regional party in the country. India has a total of 47 regional parties.
The ADR report stated that the DMK has the highest income of Rs 77.63 crores among all the regional parties, followed by the ruling Tamil Nadu party, All India Anna Dravida Munnetra Kazhagam (AIADMK), with Rs 54.938 crores and Andhra Pradesh and Telangana-based party, Telugu Desam Party (TDP), with Rs 15.978 crores.
"Parties with top three income alone comprise more than 67 per cent of the total income of 32 regional parties, collectively," added the report.
The report by ADR is based on income and expenditure data given by regional parties to the Election Commission of India (ECI).
According to the report, the total income of 32 regional parties for 2015-16, as 15 other regional parties are yet to submit their audit report to the ECI, was Rs 221.48 crores of which the parties spent Rs 111.48 crores and declared an unspent amount of Rs 110 crores (49.67 per cent unspent of total income).
"14 out of 32 regional parties have reported incurring expenditure more than their total income. Out of these, three parties, the Jharkhand Vikas Morcha (Prajatantrik) (JVM-P), the Janata Dal-United (JD-U) and the Rashtriya Lok Dal (RLD) have spent close to 200 per cent of their total income in 2015-16," stated the report.
"Three other parties-the DMK, the AIADMK and the All India Majlis-e-Ittehadul Muslimeen (AIMIM)--have more than 80 per cent of their income remaining unspent," added the report.
The ADR report also did a detailed study of unknown sources of income as declared by the parties in their IT Returns
"Among the unknown sources of funding, maximum funds were collected under 'voluntary contributions' by 17 regional parties during 2015-16. A total of Rs 28.945 crores was collected under 'voluntary contributions' which formed 71.28 per cent of the total income from unknown sources of the regional parties," stated the report.
"The second most preferred unknown source of funding was 'gross receipts' under which the Shiromani Akali Dal (SAD) collected Rs 6.59 crores which formed 16.23 per cent of their total income from unknown sources during 2015-16. The six regional parties have more than one unknown source of income while eleven have only one unknown source of income," added the report.
As per the ADR study, parties with highest unknown sources of income are-the Telangana Rashtra Samithi (TRS) (Rs 7.245 crores), the TDP (Rs 6.876 crores) and the SAD (Rs 6.59 crores). For the TRS and the SAD, their income from unknown sources forms more than 81 per cent of their total income.