ADR data for FY18: Contribution peaked in the run-up to the Assembly polls in Himachal, Gujarat
Economy News: In 2017-18, corporates contributed as much as 12 times more money to the coffers of the Bharatiya Janata Party (BJP) than to those of the other six national parties combined.
The BJP received 93 per cent of all donations of above Rs 20,000 made to the country’s six national political parties in 2017-18 by business groups and individuals, according to a report by election watchdog Association for Democratic Reforms (ADR). Donations from corporates formed 91.58 per cent of total donations declared by the BJP, the rest being from individual donors, the ADR analysis of details submitted to the Election Commission by national parties has revealed.
The seven national parties are the Bhartiya Janta Party, Congress, Bahujan Samaj Party (BSP), Nationalist Congress Party (NCP), Trinanmool Congress, Communist Party of India (CPI) and Communist Party of India (Marxist). The BSP declared that it did not receive any amount in excess of Rs 20,000. The current law mandates political parties to declare the identity of all who donate more than Rs 20,000.
Total contributions declared by national parties in 2017-18 was Rs 469.89 crore from 4,201 donations. The BJP declared receiving Rs 437.04 crore from 2,977 donations, while the Congress got Rs 26.658 crore from 777 donations, or 5.67 per cent of total donations above Rs 20,000..
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