The Congress parties declared the highest liabilities, at Rs 71.58 crore, followed by the CPI(M).

The Bharatiya Janata Party’s assets went up by 21.17% between FY21 and FY22, the Association for Democratic Reforms (ADR) has found.

In a new report, ADR has analysed the assets and liabilities declared by eight national parties — the Bharatiya Janata Party (BJP), Congress (INC), Nationalist Congress Party (NCP), Bahujan Samaj Party (BSP), Communist Party of India (CPI), Communist Party of India (Marxist), Trinamool Congress (AITC) and National People’s Party (NPEP) for FY 2020-21 and 2021-22.

“The total assets declared by the 8 National Parties during FY 2020-21 amounted to Rs 7297.618 cr which increased
to Rs 8829.158 cr during FY 2021-22,” ADR has found.

Source: ADR

The BJP had the highest declared assets by a significant margin, and their increase over the two years was also the highest. “BSP is the only National Party to show a decrease in its annual declared assets. The total assets of BSP between FY 2020-21 & 2021-22 decreased by 5.74% (from Rs 732.79 cr to Rs 690.71 cr),” ADR found.

The Congress parties declared the highest liabilities, at Rs 71.58 crore, followed by the CPI(M).

(decrease of Rs 6.035 cr), CPI(M) (decrease of Rs 3.899 cr), AITC (decrease of Rs 1.306 cr) and Rs 1 lakh liabilities
decrease of NCP,” the ADR report states.

Source: ADR

Parties, ADR found, had not made all the declarations required of them. “National Parties failed to adhere to the ICAI guidelines that direct parties to declare details of the financial institutions, banks or agencies from whom loans were taken. The guidelines specify that the parties should state the “terms of repayment of term loans” on the basis of due date such as a year, 1-5 years or payable after 5 years.”