Source: 
Author: 
Date: 
25.12.2014
City: 
New Delhi

Corporates and business leaders attend a conference addressed by Prime Minister Narendra Modi. (PTI)

Corporates and business houses provided 90 per cent donations to national political parties in 2013-14, advocacy group Association for Democratic Reforms (ADR) said.

The ADR said in a report that total donations received by the Congress, NCP and the CPI during 2013-14 rose by Rs 62.69 crore, which is an increase of 517 per cent from the previous financial year.

The BJP did not furnish donation details to the Election Commission.

The ADR said donations to the Congress rose from Rs 11.72 crore in 2012-13 to Rs 59.58 crore in 2013-14, an increase of 408 per cent.

In 2012-13, donations declared by the BJP was more than the aggregate declared by the Congress, NCP, CPI and the CPI-M during 2013-14. The BJP had declared a total of Rs 83.19 crore received above Rs 20,000 during 2012-13.

Bharti Group's Satya Electoral Trust donated the maximum amount of Rs 36.5 crore to the Congress followed by A.V. Patil Foundation, which donated Rs 5 crore, and Bharat Forge Ltd's Rs 2.50 crore, said the ADR report prepared on the basis of donation details provided by the political parties.

None of these three groups donated to the Congress during 2012-13.

"90 per cent of the donations being from corporates shows the increasing hold of the corporate sector on political parties which is somewhat disconcerting. The ruling party not submitting its donation report is not a good sign," said Jagdeep Chhokar, founder-trustee of ADR.

Political parties are required to submit a report on receiving contributions for furnishing a return of their income. The BJP is the only national party which is yet to submit its donations report to the Election Commission, the ADR said.

The total amount of donations above Rs 20,000 declared by the national parties was Rs 76.93 crore, from 881 donations and on an average, the Congress received Rs 11.70 lakh per donor, NCP got Rs 1 crore, CPI received Rs 3.23 lakh and the CPI-M got Rs 4.03 lakh.

The report said donations to the CPI-M reduced from Rs 3.81 crore during 2012-13 to Rs 2.097 crore during 2013-14. The BSP declared that it did not receive any donations above Rs 20,000 during 2013-14, as it has declared in the past.

(PTI)

- See more at: http://www.businessworld.in/news/economy/politics/90-per-cent-of-politic...

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