Political funding declines 84% but there is small uptick in cash donations

According to the Election Commission guidelines, all political parties have to declare donations above Rs 20,000 to it in an affidavit

(Click on picture for details)
(Click on picture for details)
Sahil Makkar New Delhi
Last Updated : Dec 21 2016 | 2:34 PM IST
In 2015-16, political parties received 84% less in donations compared with 2014-15. However, despite an Election Commission notification of August 29, 2014, disallowing tax benefits on cash donations to political parties, the cash contribution increased from 0.14 per cent in FY15 to 1.42 per cent in FY16. The Nationalist Congress Party declared the highest decrease (98 per cent) in donations, whereas the Bahujan Samaj Party maintained its record of the past 10 years by declaring that it doesn’t receive funding above Rs 20,000 in donations. According to the Election Commission guidelines, all political parties have to declare donations above Rs 20,000 to it in an affidavit. 

DONATIONS ABOVE RS 20,000 RECEIVED BY POLITICAL PARTIES



SECTOR-WISE DONATIONS DECLARED BY NATIONAL PARTIES
From corporate/business houses (in Rs crore)



From individuals (in Rs crore)



TOP 5 STATES BY THEIR CONTRIBUTION TO NATIONAL PARTIES



Top donor to national parties

Party Name Donor Contribution (in Rs cr) Share of total contribution (%)
BJP Satya Electoral Trust  4.5 58.56
BJP Manish Laxman Sarda 4 5.2
INC Haryana Congress Bhagwan Trust 2 9.79
INC Satya Electoral Trust 2 9.79
CPM Nasib Kaur Bains 0.21 11.6
CPM CP Narayanan 0.096 5.3
CPI Secretary, Kerala State Council, CPI 0.368 23.29
CPI S Sudhakar Reddy, General Secretary, CPI 0.11 6.96
NCP Vedicon Industries Ltd 0.25 35.21
NCP  Vijay Sopam Machindra 0.25 35.21
AITC  Subhendu Adhikari 0.15 23.08
AITC Dilip Damle 0.1 15.38



*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 21 2016 | 8:35 AM IST

Next Story