Poll bonds account for 10% to 100% donations to regional parties | India News,The Indian Express
According to the BJD’s annual audit report for 2021-2022, which was published by the Election Commission on its website Wednesday, the party declared it received Rs 291 crore in the category of “grants, donations and contributions” and the entire amount was in the form of electoral bonds.
According to the BJD’s annual audit report for 2021-2022, which was published by the Election Commission on its website Wednesday, the party declared it received Rs 291 crore in the category of “grants, donations and contributions” and the entire amount was in the form of electoral bonds. The income from electoral bonds accounted for 94% of the total income of the BJD: Rs. 307.28 crore.
Similarly, the YSR Congress Party’s annual report showed the party received Rs 60 crore from electoral bonds in 2021-2022 and it accounted for 64% of its total income of Rs.93.72 crore and 75% of the income from grants, contributions and donations. The Telangana Rashtra Samithi, which recently changed its name to Bharat Rashtra Samithi, received Rs 153 crore in electoral bonds, accounting for 70% of its total income of Rs 218.11 crore and 79% of the income from grants, contributions and donations.
Almost 10% of the Samajwadi Party’s declarable donations in 2021-2022 came from electoral bonds received by the party in the mail, according to its contribution report submitted to the EC.
The SP’s annual contribution report showed that the party received a total of Rs 33,00,55,516 in donations from individuals, companies and electoral trusts. Political parties are required to submit the details of all contributions in excess of Rs 20,000 each to the ECI in their annual reports as per the Representation of the People Act, 1951.
Political parties are required to submit details of all contributions in excess of Rs 20,000 each to the ECI in their annual reports. However, contributions from electoral bonds are exempt from the requirement and most prominent national and state parties do not include them in their contribution reports.
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