Source: 
The Times of India
http://articles.timesofindia.indiatimes.com/2013-04-01/bangalore/38188595_1_general-electoral-trust-prestige-group-crore
Date: 
01.04.2013
City: 
BANGALORE

BANGALORE: Donations and contributions pour into the political parties' kitty. In four years, between 2007 and 2011, three parties - Congress, BJP and JD(S) - have got a whopping Rs2266.79 crore donations and contributions from corporate, trusts and individuals.

According to the information analyzed by the Association for Democratic Reforms (ADR), Congress has the highest total income of Rs 1492.35 crore, followed by the BJP with Rs 769.81 crore and the JD(S) with only Rs 4.63 crore.

The share of donations in the total income is 83.75% for the BJP, while Congress has shown that their share of donations received from the total income is a mere 12.31%. The remaining is largely from the sale of coupons. The Congress has received close to Rs 1,171 crore from 'sale of coupons.'

Political parties rely on donations for election spending and manage their daily affairs. In the coupon system, establishing the identity of donors becomes difficult. This means that a lot of cash donations received remain unaccounted for in the books of accounts as only those amounts would be recorded for which a receipt has been issued,'' says Prof Trilochan Sastry of ADR.

The JD(S) has shown that they derived 99% of their total income from donations. They have not shown any significant sale of coupons. The party hasn't filed their Income Tax Returns (ITR) for 2008-09 and 2010-11.
BJP has received the maximum donation (Rs 644.77 crore) amongst the national parties, while Congress has received only Rs 183.82 crore.

At the national level, many top corporates including Aditya Birla Group (General Electoral Trust), Tata group (Electoral Trust), ITCJindal Steel and Power Limited have made generous donations to the Congress and BJP.
Chandrashekar donates to BJP & Cong, Mohanadas Pai to Congress:

From Karnataka, Member of Parliament (Independent) Rajeev Chandrashekar's Asianet TV Holdings Pvt Ltd has donated Rs 10 crore to BJP and Rs 2.5 crore to Congress, while chairman of Manipal Global Education T V Mohandas Pai has donated Rs 2 lakh to Congress. The realtors from the city have given money to the BJP -- Sobha Developers (Rs 50); M R Jaishankar of Brigade Group (Rs 20 lakh); Irfan Razak of Prestige Group (Rs 12.5 lakh) and Rizwan Razak of Prestige Group (Rs 12.50 lakh).

For the Congress, the party men from the state have also contributed. Former KPCC president RV Deshpande (Rs 25 lakh), MLAs Krishnappa and Dr K Sudhakar, MLCs Nasir Ahmed and T John and party functionary ST Somashekar have given money to the party.

According to Section 29C of the Representation of People Act, 1951, the political parties have to submit the details of the contribution of over Rs 20,000 from any person or a company.

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