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BJP Got 76% Of Electoral Bonds Sold In 2019-20, Congress Income Dropped

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BJP Got Rs 2,555 Crore From Electoral Bonds In 2019-20, 76% Of Total

The BJP alone has acquired 68% of the electoral bonds bought since inception until March 2020.

New Delhi:

The BJP has gathered a whopping 76 per cent of the electoral bonds bought within the monetary 12 months 2019-20, reveals information accessed by India07 from the Election Commission. Altogether electoral bonds price Rs 3,355 crore have been bought in 2019-20, of which the BJP revenue was Rs 2,555 crore. This was a 75 per cent per cent leap on the Rs 1,450 crore it acquired by the electoral bonds the earlier 12 months.

In the identical interval, the collections of the Congress — the BJP’s largest political rival — dropped by 17 per cent. In 2018-19, the Congress had acquired Rs 383 crore from electoral bonds. In 2019-10, it acquired Rs 318 crore – 9 per cent of the entire electoral bonds.

Of the remainder of the opposition, Mamata Banerjee’s Trinamool Congress collected Rs 100.46 crore, Sharad Pawar’s Nationalist Congress Party Rs 29.25 crore, Shiv Sena Rs 41 crore, the DMK Rs 45 crore, Lalu Yadav’s Rashtriya Janata Dal Rs 2.5 crore and Arvind Kejriwal’s Aam Aadmi Party Rs 18 crore.

In the monetary 12 months ending in March 2019, the BJP’s revenue was greater than twice that of its 5 main rivals put collectively. The BJP alone has acquired 68 per cent of the electoral bonds bought since inception until March 2020. The occasion, although, persistently had the very best revenue amongst all political events lengthy earlier than the bonds got here in.

Electoral bonds, which have been launched by the federal government in 2017-2018 in face of main political opposition, permits people in addition to companies — together with these partly owned by overseas entities — to fund political events anonymously.

Altogether, political events confirmed a pointy rise in revenue after the introduction of the nameless donation system was launched.

Before its introduction, the Congress had argued that although the bonds, the federal government was making “corruption official”. The authorities had argued that it could enhance transparency as they have been banking devices and each political occasion should disclose how a lot cash they acquired.

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(THIS STORY HAS NOT BEEN EDITED BY INDIA07 TEAM AND IS AUTO-GENERATED FROM A SYNDICATED FEED.)

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