10 April 2018

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Analysis of Income of Political Parties BJP richest national party

Analysis of Income of Political Parties BJP richest national party
Analysis of income and expenditure of BJP and INC FY - 2016-17

Political parties have multiple sources of funding and therefore 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.

Below is the list of National Parties -
1-Bharatiya Janata Party (BJP)
2-Indian National Congress (INC)
3-Bahujan Samaj Party (BSP)
4-Nationalist Congress Party (NCP)
5-Communist Party of India (CPI)
6-Communist Party of India (Marxist) (CPM)
7-All India Trinamool Congress (AITC)

All sources of income declared by National Parties: FY 2016-17

7 National parties have collected maximum 74.98% (Rs 1,169.07 cr) income from Voluntary contributions for FY- 2016-17.

During FY- 2016-17, National Parties have received Rs 128.60 cr income from Interest from Banks & FD.

7.98% or Rs 124.46 cr was income generated through Revenue from Issuance of coupons by National parties during FY- 2016-17

Submission of audited reports by the National Parties -

The due date for submission of annual audited accounts for the parties was 30th Oct,’17.

BSP, CPM and AITC submitted their audit reports on time while CPI submitted its audit report 22 days after the due date for submission.

NCP submitted its audited report on 19th January, 2018, more than two months after the due date for submission.

BJP submitted its audited report on 8th Feb, 2018 (99 days delayed) and INC submitted its audited report on 19th March, 2018 (138 days delayed).

Total Income and Expenditure of National Political Parties for – FY-2016-2017
7 National Parties (BJP, INC, BSP, NCP, CPM, CPI and AITC) have declared a total income of Rs. 1,559.17 cr, collected from all over India.

The 7 National Parties declared a total expenditure of Rs 1,228.26 cr.

BJP declared the maximum expenditure of Rs 710.057 cr during FY-2016-17 while INC incurred a total expenditure of Rs 321.66 cr (Rs 96.30 cr more than its total income).
70% of total income of BSP, 31% of the total income of BJP & CPI and 6% of the total income of CPM during FY 2016-17 was declared unspent.

BJP has shown the highest income amongst the National Parties with a total income of Rs 1,034.27 cr during FY 2016-17. This forms 66.34% of the total income of National Parties added together during FY 2016-17.

INC has shown the second highest income amongst the National Parties with a total income of Rs 225.36
cr during FY 2016-17. This forms 14.45% of the total income of National Parties added together during FY 2016-17.

CPI declared the lowest income of Rs 2.079 cr which forms a mere 0.13% of the total income of the 7 National Parties during the FY 2016-17

Comparison of total income of National Parties between FY 2015-16 and 2016-17

Between FY 2015-16 and 2016-17, the income of BJP increased by 81.18% (Rs 463.41 cr) from Rs 570.86 cr during FY 2015-16 to Rs 1,034.27 cr during FY 2016-17 while the income of INC decreased by 14% (Rs 36.20 cr) from Rs 261.56 cr during FY 2015-16 to Rs 225.36 cr during FY 2016-17.

Income of BSP increased by 266.32% (Rs 126.195 cr) from Rs 47.385 cr during FY 2015-16 to Rs 173.58 cr during FY 2016-17 while the income of NCP increased by 88.63% (Rs 8.098 cr) from Rs 9.137 cr during FY 2015-16 to Rs 17.235 cr during FY 2016-17.

It is to be noted that between FY 2015-16 and 2016-17, the income of AITC decreased by 81.52% (Rs 28.188 cr), CPM decreased by 6.72% (Rs 7.224 cr)

Top 3 sources of income of BJP and INC for FY-2016-2017
BJP and INC have declared donations/contributions as one of their 3 main sources of income. BJP- Rs 997.12 cr and INC- Rs 50.626 cr.

Grant/ donations/ contributions of Rs 997.12 cr declared by BJP forms 96.41% of the total income of the party during FY 2016-17. Declaration of Rs 115.644 cr under Revenue from issuance of Coupons by INC forms the top most income of the party, contributing 51.32% of the total income of the party during FY 2016-17

Top 3 items of expenditure of BJP and INC Parties for FY 2016-2017

The maximum expenditure for BJP during FY 2016-17 was towards Election/ General Propaganda, which amounted to Rs 606.64 cr followed by expenses towards Administrative Cost, Rs 69.78 cr.

INC spent the maximum of Rs 149.65 cr on Election Expenditure followed by expenditure of Rs 115.65 cr on Administrative and General Expenses.

Observations -

4 out of 7 National Parties (BJP, INC, NCP and CPI) have consistently delayed submitting their audit reports for the past five years. The top major parties, BJP and INC, have delayed submitting their audit reports by an average of almost 6 months.

It is observed that the 7 National Parties’ total income has increased by 51%, in other words by Rs 525.99 cr. The total income of the 7 National Parties increasing from Rs 1,033.18 cr during FY- 2015-16 to Rs 1,559.17 cr during FY- 2016-17.

7 National parties have collected maximum 74.98% (Rs 1,169.07 cr) income from voluntary contributions for FY- 2016-17. In contrast, the parties had have received 60% (Rs 616.05 cr) of their income from voluntary contributions during FY- 2015-16





Source – ADR

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Tags – India Politicial Parties Income BJP Congress Highest Income