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

14 Aug

ABC of Sterilisation

'The Supreme Court has directed Delhi, Noida, Gurgaon, and Ghaziabad authorities to urgently round up and shift stray dogs to shelters, stressing the need to protect children from

Read More

14 Aug

Post and pre-matric scholarships

'The  Union government is considering revising the parental income limit for eligibility in availing post and pre-matric scholarships administered to students from marginalise

Read More

13 Aug

Working of satellite internet

'Satellite internet is revolutionizing how we connect, extending high-speed access to virtually every corner of the globe, regardless of location.' Imagine getting online from t

Read More

India’s First Ai-Driven Magazine Generator

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