Sign In
Learn bits
Index & Reports
Mahesh

18/05/23 06:26 AM IST

27 regional parties received 76% income from unknown sources in 2021-22: ADR report.

In News
  • The income of regional political parties from unknown sources in the financial year 2021-22 amounted to ₹ 887.55 crore, accounting for 76 per cent of their total earnings, according to the Association of Democratic Reform (ADR).
Major Findings
  • According to the report, regional political parties received 76% of their income from unknown sources in 2021-22.
  • This staggering figure, amounting to Rs 887.55 crore, demonstrates a concerning trend of undisclosed contributions and raises questions about the accountability of these parties.
  • The report also highlights a significant rise in income from unknown sources compared to the previous year. In 2020-21, regional parties reported a total income of Rs 530.70 crore, with Rs 263.93 crore (49.73%) coming from unknown sources.
  • This indicates a substantial increase, suggesting a lack of progress in ensuring transparency and accountability within political party finances.
  • The report defines donations over Rs 20,000 as “known” sources since donor details are available through contribution reports submitted to the Election Commission of India (ECI).
  • The report highlights that 93.26% (Rs 827.76 crore) of the income from unknown sources can be attributed to electoral bonds.
  • This raises concerns about the influence of undisclosed funds on the political landscape and the need for greater transparency in campaign financing.
  • Apart from unknown sources, political parties also derive income from known sources. Known donors, whose contributions exceed Rs 20,000, accounted for 12.48% of the total income.
  • Additionally, parties receive income from membership fees, bank interest, sale of publications, party levy, and other transparent revenue streams.
Source- India Today

More Related Current Affairs View All

22 Jan

Maha Kumbh: A confluence of faith and culture

'Kumbh, derived from a Sanskrit word which means a pitcher, is rotationally held every three years at the four riverside cities of Prayagraj, Haridwar, Ujjain and Nasik' The A

Read More

22 Jan

TRAI combating spams

'The Telecom Regulatory Authority of India (TRAI) will be using distributed ledger technology (DLT) to register spam preferences from customers.' In order to fight the deluge of

Read More

22 Jan

Status of the Smart Cities Mission

'Almost a decade has passed since the Indian government announced the concept of “smart cities” as the new lighthouses of urbanisation.' The June 2015 announcement o

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps