TMC formally acquired more cash than Congress in 2019


NEW DELHI: The All India Trinamool Congress has raised Rs 143 crore in 2019-20, greater than the Congress, with practically 70% of its funds coming via electoral bonds, the contentious funding mechanism criticised by Opposition events.

Round Rs 100 crore of Trinamool’s Rs 143 crore corpus got here via electoral bonds alone, as per the occasion’s annual audit report submitted to the Election Commission of India. Trinamool is locked in an intense election battle with the BJP, identified to closely fund each election. Trinamool too was a giant spender within the 2019 Lok Sabha elections, with an official determine of Rs 107.2 crore.

Trinamool’s erstwhile principal challenger, the CPM, and different opposition events have questioned the electoral bond mechanism for its lack of transparency. Petitions difficult the scheme are pending within the Supreme Court.

Whereas electoral bonds and trusts are largely strategies to mobilise company funding for political events and elections, the donor’s title and quantity donated is just not revealed within the case of bonds.

After Trinamool, the Telugu Desam Celebration raised Rs 81 crore via bonds. BJD raised Rs 50 crore, DMK raised Rs 45 crore, JDU secured Rs 13 crore whereas JDS raised Rs 7.5 crore via bonds. AIADMK and SAD raised Rs 6.5 crore and Rs 6.7 crore bond-based funding, respectively in 2019-20, as per ECI information.

The All India Anna Dravida Munnetra Kazhagam raised Rs 89.6 crore ballot funds, of which Rs 6.5 crore got here via electoral bonds. Tata-affiliated Progressive Electoral Belief was a serious contributor, giving Rs 46.7 crore to the occasion. DMK is but to file its audited report. Its report for 2019-20 cited a group of Rs 48.Three crore, of which Rs 45.5 crore was from electoral bonds.

TDP managed a complete of Rs 91.5 crore in 2019-20 and spent Rs 108-crore plus within the 12 months. The Biju Janta Dal in Odisha is one other cash-rich regional occasion with a Rs 90.3-crore corpus mobilised in 2019-20. Of this, Rs 50 crore quantity got here from electoral bonds whereas electoral trusts donated Rs 25.28 crore to it. The occasion was a giant spender in 2019-20 when the state meeting elections and Lok Sabha polls had been held— it spent Rs 186 crore.

Mayawati-led Bahujan Samaj Party has declared Rs 58.2 crore in funding, with none particulars on the donors. It spent Rs 95 crore in 2019-20.

NDA-ally Janata Dal (United) raised Rs 23.Three crore in 2019-20 whereas Shiromani Akali Dal, raised Rs 16.four crore. In Karnataka, Janata Dal(S) introduced in Rs 19.7 crore. The Babulal Marandi’s Jharkhand Vikas Morcha mobilised Rs 3.four crore.

Apparently, events which raised smaller funds have reported no electoral bond funding. Mehbooba Mufti-led Individuals’s Democratic Celebration raised solely Rs 14.7 lakh in 2019-20, Ramadoss’s PMK reported Rs 55 lakh funding, AIUDF acquired about Rs 56 lakh raised –– none of those events reported any electoral bond-based funding.

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