The Bharatiya Janata Party (BJP) is India’s richest political party with nearly 70 per cent of the total assets held by the national parties, a report by the Association for Democratic Reforms (ADR) says.
As per the report, titled ‘Analysis Of Assets & Liabilities of National & Regional Political Parties for FY 2019-20’, the total assets declared by the seven national and 44 regional parties during the financial year (FY) 2019-20 amounted to Rs 6,988.57 crore and Rs 2,129.38 crore, respectively.
BSP at no. 2
“Among the seven national parties, the highest assets for the FY 2019-20 were declared by BJP amounting to Rs 4,847.78 crore (69.37 per cent) followed by BSP which declared assets worth Rs 698.33 crore (9.99 per cent) and INC declared assets worth Rs 588.16 crore (8.42 per cent),” the report added.
The total liabilities declared by the seven national and 44 regional political parties for the FY 2019-20 amount to Rs 134.93 crore. The liabilities declared by the political parties fall under two major heads —borrowings (from banks, overdraft facilities and sundry creditors) and other liabilities.
“Political parties declared Rs 34.55 crore (25.61 per cent) under borrowings and Rs 100.38 crore (74.39 per cent) under other liabilities.”
Further, the national political parties declared the total liabilities of Rs 74.27 crore in FY 2019-20 — Rs 4.26 crore under borrowings and Rs 70.01 crore under other liabilities.
The Congress declared the highest total liabilities of Rs 49.55 crore – accountable for 67 percent of the total, followed by AITC that declared Rs 11.32 crore —15.24 per cent.
SP is richest regional party
The report further said that among the 44 regional political parties, the assets of the top 10 parties worth Rs 2,028.715 crore — 95.27 per cent of the total assets declared by all the regional parties for the FY 2019-20.
Among the regional parties, the highest assets were declared by SP – Rs 563.47 crore (26.46 per cent), followed by TRS worth Rs 301.47 crore and AIADMK worth Rs 267.61 crore.
The regional political parties declared total liabilities of Rs 60.66 crore in FY 2019-20. They declared Rs 30.29 crore under borrowings and Rs 30.37 crore under other liabilities.
The top 10 regional political parties declared total liabilities of Rs 57.314 crore (94.48 per cent) while the remaining 34 declared total liabilities worth Rs 3.346 crore in FY 2019-20.
“In the FY 2019-20, TDP declared the highest total liabilities of Rs 30.342 crore (50.02 per cent) followed by DMK that declared Rs 8.05 crore (13.27 per cent),” the report added.
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