Regional parties declared Rs 321 crore as annual income: Report
Political parties have multiple sources of funding and thus accountability and transparency should be an important aspect of their functioning. It is essential to have comprehensive and transparent accounting methods and systems, which should reveal the true financial position of the parties.
The Election Commission of India (ECI), in its letter dated 19th November,'14 addressed to the Presidents/General Secretaries of all political parties, stated that it was mandatory for the parties to submit details of their audited reports to the Commission. This report by the Association for Democratic Reforms analyses the total income and expenditure incurred, all over India, by the Regional Parties during FY 2016-17, as declared by the parties in their IT Returns submitted to the ECI.