ADR (Association for Democratic Reforms) released a report on Monday. It said that in the financial year 2023-24, national parties got more than 20 thousand donations, of which BJP got the most. According to the report, the donations received by the BJP are six times more than the total donation received by Congress, Aam Aadmi Party (AAP), National People’s Party (NPEP) and CPI-M.
Which political party received the most donation?
This report analyzes the data of the Election Commission. It says that 6 national parties of the country have received more than ₹ 20,000 donation, the total amount of which is ₹ 2,544.28 crore. These national parties include BJP, Congress, Bahujan Samaj Party (BSP), AAP, CPI (M) and NPEP.
According to an Election Rights Organization Association for Democratic Reforms (ADR) report, Bharatiya Janata Party has got the highest donations among national parties in the financial year 2023-24. The party received a total of 8358 donations, which is more than Rs 2243 crore. Based on the data submitted to the Election Commission, a report has been released on the tendency of political donation of more than Rs 20,000.
Which area gets the most donation?
- The report states that a total of 3755 donations were made from corporate or commercial sector. The total amount of which was 2262.5 crore. Which is 88.9 percent of the total donation. The BJP received the most corporate donation. According to the report, the BJP received a total of Rs 2064.58 crore through 3478 donations from the corporate sector. Apart from this, 4628 common people have donated Rs 169.12 crore.
- While the Congress received a donation of ₹ 190.3 crore in corporate donations and ₹ 90.89 crore from the general public. The report said that even in the case of corporate donation alone, the BJP received 9 times more money than all other national parties.
- The Election Commission shared electoral bond data last year. The Election Commission also released the data of electoral bonds on its website on 14 March 2024. The BJP was the most donated party in this. From 12 April 2019 to 11 January 2024, the party received a maximum of 6060 crore rupees. In this list, the Trinamool Congress finished second with Rs 1609 crore while the Congress party finished third with Rs 1421 crore.
What is election bond?
The Election Bond Scheme 2017 was introduced by the then Finance Minister Arun Jaitley. This is a type of promissory note. It is also called a bank note. Any Indian citizen or company can buy it, and it can also be funded by political parties.
Election bond scheme was launched in the year 2018 to make political funding corruption free. The government described the scheme as an important ‘electoral reform’ for moving towards ‘cashless-digital economy’.
Why did the election bond plan get into controversy? Inaugurating the scheme in 2017, Arun Jaitley claimed that this would bring transparency in the financing and election system of political parties. This will control black money. At the same time, those who oppose it say that since the identity of the person buying electoral bonds is not revealed, it can become a source of use of black money in elections.
The petitioner, ADR (Association for Democratic Reforms) claimed that such electoral financing would promote corruption. Some companies provide funds to the parties whose governments benefit them from unknown means.
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