BSP is India’s second-richest party

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By Chanakya

According to data released by the Association for Democratic Reforms (ADR), quite unsurprisingly, the Bharatiya Janata Party (BJP) retained its top spot as India’s richest political party. However, the surprise came later, when it was declared that the Bahujan Samaj Party, which has marginal presence even in Uttar Pradesh, was the second richest.

Total assets declared by the seven national and 44 regional parties during the FY 2019-20 stands at Rs 6,988.57 crore and Rs 2,129.38 crore, respectively. ADR analysts have said: ” national and the regional parties failed to adhere to the Institute of Chartered Accountants of India (ICAI) guidelines that direct parties to declare details of the nancial institutions, banks or agencies from which loans were taken.

Guidelines specify that the parties should state the ‘terms of repayment of term loans’ on the basis of due date such as a year, 1-5 years or payable aer 5 years.” the requirement is that details of xed assets received as donation by the parties should be declared such as original cost of the asset.

Any addition or deduction, depreciation written ­, cost of construction, etc. the analysts of ADR added: ” same should also be declared of assets purchased by the political parties not all political parties declared this information.”

HERE ARE THE DECLARED ASSETS NATIONAL PARTIES
BJP retained its top spot, with its assets more than double the combined wealth of the next four parties. Its assets, including cash, investments, movable and immovable properties and vehicles were worth Rs 4847.780 crore (69.37 %) in the financial year ended March 2020. ADR took the latest data from the Election Commission of India.

Growth of BJP’s wealth was 1.6 times from the preceding FY. Congress’ assets declined. Of the BJP’s total income in the nancial year that ended in 2020, some 34.27 billion rupees were donations and contributions, ADR said in a separate report in August.

BSP AT NO. 2 party,representing the marginalised ofIndia, had Rs 698.330 crore rupees(9.99 per cent)in declared assets. This was a surprising revelation, considering the condition of the party and its supremo Mayawati, today.

THE REST
Congress : Rs 588.160 crore rupees (8.42 per cent).

CPM : Rs 569.515 crore (8.01 per cent).

All India Trinamool Congress : Rs 247.780 crore.

CPI : Rs 29.780 crore .

NCP : Rs 8.20 crore

REGIONAL PARTIES
Samajwadi Party: Rs 563.56 crore

TRS : Rs 301.40 cr

AIADMK : Rs 267.90 cr

TDP : Rs 188.90 cr

Shiv Sena : Rs 185.46 cr

DMK : Rs 184.425 cr

YSR-C : Rs 143.60cr

BJD : Rs 128.425 cr

JDU : Rs 45.094 cr

RLD : Rs 20.89 cr