The Jharkhand Mukti Morcha (JMM) is the first party to announce the name of the institution that donated through electoral bonds, the Jan Adhikar Party Association for Democratic Reforms (ADR) said.
announcement of ₹1 crore was donated in the party’s 2019-20 contribution report.
According to the contribution report of the ruling party in Jharkhand, the donation was made by aluminum and copper manufacturing company Hindalco.
In a new report, the ADR stated that the most common and popular sources of income for national and regional political parties in 2019-20 were donations through electoral bonds.
The ADR report states that in the last two years, electoral bonds have become the most popular channel of donation to parties in view of the anonymity given to donors under the scheme.
“It should be noted that the JMM party has announced the name of the donor. ₹1 crore through electoral bonds in its contribution report for FY (financial year) 2019-20, however, the party has not declared this income through electoral bonds in its audit report for FY 2019-20 .
The question arises as to whether political parties are aware of the identity of the donor who contributed through electoral bonds, as can be seen in this case, the ADR said.
Political parties have been given electoral bonds as an alternative to cash donations given to political parties as part of efforts to bring transparency in political donations.
The report states that more than 50 percent of the total income – ₹Of the 19 political parties analyzed for the 2019-20 fiscal, Rs 312.37 crore was received from donations through electoral bonds, which are anonymous, meaning the identities of donors are not disclosed to the public.
Electoral bond worth ₹3,429.56 crores were redeemed by the parties in 2019-20, which shows that the balance is ₹He said that 3117.19 crore or about 91 percent of the electoral bonds were encoded by the parties whose audit report is not yet available on the Election Commission website.
Total income declared by two national and 17 regional parties for 2019-20 was ₹619.28 crores.
The All India Trinamool Congress (AITC) reported the highest income. ₹143.676 crore, which is 23.20 percent of the total income of all parties analyzed, followed by income with TDP ₹91.53 crore or 14.78 percent and BJD whose income was ₹ADR stated that 90.35 crore or 14.59 per cent.
The total income of the top three parties was ₹325.556 crore, comprising 52.57 percent of the total income of political parties, was analyzed collectively in this report.
The report said that out of the 19 political parties, nine parties showed an increase in their income, from the financial year 2018-19 to 2019-20, while 10 parties showed a decline in their income during this period, the report said. Having said.
Total income of 19 parties decreased ₹772.14 crores in 2018-19 ₹619.28 crore in 2019-20, a decrease of 19.80 percent or ₹152.86 crores Rs.
AIADMK recorded the largest increase in its income ₹61.506 crore total increase declared after DMK and SAD ₹38.557 crores more ₹11.59 crores, respectively, between 2018-19 and 2019-20, ADR said.
BJD reported the biggest decrease in its income ₹158.96 crores after AITC and TDP declared total shortfall ₹48.974 crores more ₹23.43 crores respectively between 2018-19 and 2019-20.