ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 19 April. Click Here for more information.
ForumIAS Answer Writing Focus Group (AWFG) for Mains 2024 commencing from 24th June 2024. The Entrance Test for the program will be held on 28th April 2024 at 9 AM. To know more about the program visit: https://forumias.com/blog/awfg2024
Source: The post is based on the article “Poll bonds chief source of donations for parties: report” published in The Hindu on 12th July 2023
What is the News?
Association of Democratic Reforms(ADR) has released a report titled “Analysis of Donations to Registered Political Parties from FY 2016-17 and FY 2021-22.
What are the key findings of the report?
Donations to Political Parties: The total donations declared by the 7 National Parties from Electoral Bonds, corporate sector and other donations between FY 2016-17 and 2021-22 were Rs 13190 crores (80.247%).
– For National parties, there was a 743% increase in donations from electoral bonds between FY 2017-18 and FY 2021-22 while for corporate donations this increase is only 48%.
– Electoral Bonds are the most preferred mode of donations for making contributions to National and Regional parties followed by direct corporate donations.
– The total donations declared by BJP is more than three times the total donations declared by all other National parties.
Electoral Bonds: During the six-year period, more than 52% of BIP’s total donations came from Electoral Bonds worth ₹5,271.97 crore.
– The Congress declared the second highest donations from bonds of ₹952.29 crore (61.54% of its total donations) followed by the Trinamool Congress that got ₹767.88 crore (93.27%).
– Among the regional parties, the BJD received 89.81% of its total donation from bonds worth ₹622 crore, while the DMK got ₹431.5 crore (90.7%) and the TRS got ₹383.65 crore (80.45%).
Direct Corporate Donations: The direct corporate donations declared by 7 National parties are more than five times the corporate donations declared by 31 Regional Parties during the six-year period.
– The corporate donations declared by BJP are at least three-four times more than the total corporate donations of all other National Parties. In FY 2017-18, it was more than eighteen times that of all other National parties.
– For the six-year period, BSP has consistently declared no corporate donations while CPI has declared receiving zero corporate donations from FY 2018-19 to FY 2021-22.
