BJP is darling of corporates, shows ADR report; party gets Rs 705 crore donation in four years

By: | Updated: August 17, 2017 7:04 PM

ADR report shows BJP received major chunk of the total donations from corporate/business houses received by national political parties between FY 2012-13 and 2015-16.

bjp, bjp corporate donations, corporate donations to bjp, corporate donation to saffron party, political donations, election commission, association for democratic report, adr, adr report on corporate donations, election in india, bjp newsBJP claims to be the largest political party in India. (File photo/Twitter)

The opposition, especially Congress vice-president Rahul Gandhi and Delhi CM Arvind Kejriwal, have often alleged that BJP is a party that works more for the corporates than the downtrodden. Well, we don’t know how true are their allegations but we do know now something that shows corporates love the saffron party more than any other national party. A report by the Association for Democratic Reform has revealed that BJP received the major chunk of the total donations from corporate/business houses received by national political parties between FY 2012-13 and 2015-16.

It says the total amount received by five national parties between these years was Rs 956.77 crore. Out of this, the BJP received Rs 705.81 crore from 2987 donors, while the Congress received Rs 198.16 crore from 167 corporate/business houses. The NCP received Rs 50.73 crore from 50 donors, while the CPM and CPI received just Rs 1.89 crore and Rs 0.18 crore from 45 and 17 donors respectively.

Between the two financial years, the voluntary contributors above Rs 20,000 from corporate/business houses for BJP and Congress was 92% and 85% respectively. The CPI and CPM had the lowest share of corporate donations at 4% and 17% respectively. The report didn’t consider Mayawati’s BSP as the party declared it didn’t receive any voluntary contribution above Rs 20,000 from any donor between the financial years.

According to the report, national parties received maximum corporate donations between in FY 2014-15, during which the General Elections were held. It says the corporate donations received in FY 2014-15 alone formed 60% of the total corporate donations received between FY2012-13 and 2015-16.

Between FY 2014-15 and 2015-16, corporate donations to political parties reduced by 86.58%.

Top corporate donors:

Satya Electoral Trust was the top donor to three of the National Parties between FY 2012-13 and 2015-16. It donated Rs Rs 192.6 crore to BJP, Rs 57.25 crore to Congress and Rs 10 crore for NCP.

General Electoral Trust donated Rs 70.7 crore to BJP and Rs 54.1 crore between FY 2012-13 and 2015-16. The Electoral Trust Scheme was launched by the Government in 2013.

As per rules, political parties have to provide details of donors who have made donations above Rs 20,000 in a financial year (April 1- March 31) to the Election Commission of India, every year.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition