The ‘unknown’ and ‘known’ sources of regional parties in India: An important issue not spoken much about

As stated in the report by ADR that while the total donations that were received by a total number of 25 regional parties added up to almost Rs 803.24 crore, where Rs 445.7 crore was credited to “unknown” sources.

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The ‘unknown’ and ‘known’ sources of regional parties in India: An important issue not spoken much about

The issue rises as more that 55% of the donations that are received in FY 2019-20 by regional parties had come from “unknown” sources, stated by the Association for Democratic Reforms (ADR) in a report on Thursday. The report states that electoral bonds were nearly 95% of the donations that were received from “unknown” sources.

As stated in the report by ADR that while the total donations that were received by a total number of 25 regional parties added up to almost Rs 803.24 crore, where Rs 445.7 crore was credited to “unknown” sources. Rs 426.233 crore which is around 95.616% came of donations of the “unknown sources” from electoral bonds and Rs 4.976 crores from known voluntary contributions.

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The report subsequently also stated that the donations that were received by national parties were up to 70.98% from “unknown” sources of their whole income.

As a matter of fact, several parties in the South were among the highest in the list of regional parties with highest donations from “unknown” sources. The list also includes one of the major parties of Odhisa.

“Known” donors account up to Rs 184.623 crore donations that were received by the regional parties, which holds up to 22.98% of their total income; also, they received an extra bulk of Rs 172.843 crore from various other known sources such as bank interest, membership fees, etc.

The ADR stated that, “Since a very large percentage of the income of political parties cannot be traced to the original donor, full details of all donors should be made available for public scrutiny under the RTI.” It also suggested that if any organization receives funding from foreign should not be allowed to campaign for any specific party or candidate. It also said, “The mode of payment of all donations (above and below Rs 20,000), income from sale of coupons, membership fees, etc. should be declared by the parties in… audit reports, submitted to the I-T department and ECI.”

Parties spend the bulk amount of money on campaigns. Every party needs to rightly submit the amount of expenditure that they have spend on a certain campaign to the EC. It is very much important to submit the total amount spend to keep track on the flow of money and also its sources.

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The ‘unknown’ and ‘known’ sources of regional parties in India: An important issue not spoken much about
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As stated in the report by ADR that while the total donations that were received by a total number of 25 regional parties added up to almost Rs 803.24 crore, where Rs 445.7 crore was credited to “unknown” sources.
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THE POLICY TIMES
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