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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

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