Narendra Modi: BJP emerges as top choice for corporate donors | India News


NEW DELHI: Business houses handed out a total of 956.77 crore to national parties between 2012-13 and 2015-16 with BJP getting the biggest share at 704.81 crore, shows an analysis by the election watch body Association of Democratic Reforms (ADR).

The report, which analysed funding received by five national parties- BJP, Congress, NCP, CPI and CPM-found that Congress received 198.16 crore from 167 corporate donors, and was the second highest beneficiary from corporate donations. NCP received 50.73 crore, followed by CPM ( 1.89 crore) and CPI ( 0.18 crore).

ADR added that BSP was not considered for analysis as the party has declared that it received no voluntary contributions above 20,000 from any donor between 2012-13 and 2015-16.

“Between 2012-13 and 2015-16, five national parties received a total of 1,070.68 crore via voluntary contributions above 20,000 out of which 89 percent of 956.77 crore was from corporates houses,” said ADR in its report.

According to an earlier report by ADR, various business houses donated a total of 378.89 crore to national parties in eight years, between financial years 2004-05 and 2011-12.

All the data analysed was from the EC, based on filings by political parties to the EC. Political parties are required to submit details of donors who have made donations above 20,000 to the EC.

Talking about the findings, Trilochan Sastry, one of the founder members of Association of Democratic Reforms, said, “This could be last analysis that ADR does as rules have changed.” “With the introduction of election bonds, information on contributions made to national parties may not be accessible any more,” he said.

As per the report, a total of 1,933 donations through which national parties received Rs 384.04 crore do not have PAN details in the contribution form. National parties also received Rs 355.08 crore from 1,546 donations which do not have address details in the contribution form.

In the period analysed, BJP’s and Congress’ voluntary contributions above Rs 20,000 from business houses was 92% and 85%, respectively. CPM and CPI have the lowest share of corporate donations at 17% and 4 per cent.

National parties received the maximum corporate donations in 2014-15, during which Lok Sabha elections were held, found the report. “Corporate donations received in 2014-15 alone form 60% of the total corporate donations received between 2012-13 and 2015-16,” adds the report. Donations from corporates to national parties reduced by 86.58% between 2014-15 and 2015-16.

The big contributors to the national parties were electoral trusts and groups of companies, followed by the manufacturing and real estate sector. “Despite not donating during 2012-13, Satya Electoral Trust was the top donor to three of the national parties, between 2012-13 and 2015-16. The Trust donated a total of 35 number of times in three years, amounting to Rs 260.87 crore,” says the ADR report.

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