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Source
Times Of India
Times Of India
Date
City
New Delhi

BJP declared the highest assets in 2019-20 amounting to Rs 4,848 crore, while Congress reported the highest liabilities in the same year, worth Rs 49.5 crore.

According to an analysis carried out by independent watchdog Association for Democratic Reforms (ADR) of the assets, liabilities and capital declared by parties in their annual audit reports for the year 2019-20, the assets declared by seven national parties and 44 recognised state parties in 2019-20 totalled Rs 6,988.5 crore and Rs 2,129.3 crore,

Among the national parties, the highest assets for FY 2019-20 were declared by BJP amounting to Rs 4,847.7 crore (69.4%) followed by BSP which declared assets worth Rs 698.33 crore (10%) and INC with assets worth Rs 588.16 crore (8.4%), as per ADR analysis.

The assets declared by political parties fall under six major heads: fixed assets, loans & advances, FDR/ deposits, TDS, investments and other assets.

During FY 2019-20, the national & regional parties declared maximum assets under FDR/fixed deposits which amounted to Rs 5,970.6 crore (65.5% of total assets) followed by Rs 1,363.9 crore (15%) under fixed assets and Rs 946.6 cr (10.4%) under ‘other assets’.

According to ADR report, BJP’s assets comprised FDR or deposits worth Rs 3,253 crore, fixed assets worth Rs 716.6 crore and loans and advances worth Rs 590 crore. BSP declared FDR and deposits worth Rs 618.8 crore while the Congress FDR and deposits in 2019-20 amounted to Rs 240.9 crore.

Among regional parties, SP had the highest assets in 2019-20 amounting to Rs 563 crore, followed by TRS with assets worth Rs 301 crore, AIADMK with assets worth 267 crore and DMK with assets worth Rs 184 crore. Among the 44 regional parties, the assets of the top 10 parties were worth Rs 2,028.7 crore or 95.3% of the total assets declared by all the regional parties for FY 2019-20. Fixed deposits and FDR constituted the largest share of Rs 1,639.5 crore (77%) of the total assets declared by regional parties in FY 2019-20.

The total liabilities declared by the seven national and 44 regional parties for FY 2019-20 amounted to Rs 134.9 crore. The national parties’ share was Rs 74.3 crore, while the regional parties share was Rs 60.7 crore.