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Rediff.com  » News » Corporates contributed Rs 379 crore to political parties in 8 yrs

Corporates contributed Rs 379 crore to political parties in 8 yrs

January 08, 2014 16:26 IST

The Association for Democratic Reforms has stated in its report that 87 percent of the contributions or donations made to political parties in the past eight years were from business houses. The corporate houses contributed Rs 378.89 crore, constituting 87 per cent of the total contribution from known sources of political parties.

Corporates and business houses made 87 per cent of the total donations to national parties between 2004-05 and 2011-12. Out of Rs 435.87 crore collected by national parties between 2004-05 and 2011-12, Rs 378.89 crore was donated by corporates and business houses.

Out of the national parties, the Bharatiya Janata Party received the maximum donations of Rs 192.47 crore from 1334 donors from corporate/ business sector followed by the Indian National Congress receiving a total contribution of Rs 172.25 crore from 418 donors from corporate/ business sector.

Ninety-two per cent of INC’s voluntary contributions is from corporate/ business houses while 85 per cent of the BJP’s contribution is from corporate/ business houses.

The maximum number of donations was made by the manufacturing sector (595 donations, Rs 99.71 crore) followed by 340 donations (Rs 24.10 crore) from the real-estate sector.

Least number of donations was made by hospitals (16 donations, Rs 14 lakh) followed by 45 donations each by the shipping & transport (Rs 3.67 crore) and communication sectors (Rs 13.26 crore) to the national parties.

INC: The general electoral trust of the Aditya Birla Group donated the maximum amount (Rs 36.41 crore) followed by Torrent Power Ltd (Rs 11.85 crore) and Bharti Electoral Trust of Bharti Group (Rs 11 crore).

BJP: The general electoral trust of the Aditya Birla Group donated the maximum amount (Rs 26.57 crore) followed by Torrent Power Ltd. (Rs 13 crore) and Asianet V Holding Pvt Ltd (Rs 10 crore).

NCP: Ambuja cement donated the maximum (Rs 1 crore) followed by Hindustan Construction Co Ltd (Rs 1 crore) and Infina Finance Pvt. Ltd. (Rs 1 crore).

Communist Party of India and the CPI-Marxist: CPI received a total of Rs 11 lakh from13 corporate donors while the CPM received a total of Rs 1.78 crore from 108 corporate/ business houses.

The INC received maximum contributions from trusts & group of companies (Rs 70.28 crore) while the BJP received maximum donation from manufacturing sector (Rs 58.18 crore) and power & oil (Rs 17.06 crore).

Maximum donations from mining, construction, export/ import sector was received by the INC (Rs 23.07 crore) while maximum donations from the real estate sector was received by the BJP (Rs 17.01 crore).

Donors who have not declared PAN and address:

A total of 301 donors contributing Rs 25.28 crore to the national parties have not declared either their PAN details or address in the contribution forms.

BJP has the listed the maximum number of donors (273) who have not declared their PAN and address while contributing a maximum of Rs 22.53 crore.

Donors who have not declared their mode of payment:

Mode of payment of donations by 58 donors who have donated Rs 1.02 crore to the national parties have not been declared by the national parties.

Vicky Nanjappa