Corporates/ business houses donate Rs 985 cr to national parties

Association for Democratic Reforms (ADR), in its report released today, said that during 2016-17 and 2017-18, the 6 National Parties received a total of Rs 1059.25 cr via voluntary contributions, above Rs 20,000 out of which 93% or Rs 985.18 cr was from corporates/ business houses alone.

Out of 6 National Parties, BJP received the maximum donations of Rs 915.596 cr from 1731 corporate donors followed by INC which received a total contribution of Rs 55.36 cr from 151 corporate donors, and NCP with Rs 7.737 cr from 23 corporate donors. During these two years, both BJP’s and INC’s voluntary contributions above Rs 20,000 from corporate/business houses is 94% and 81% respectively. CPI has the lowest share of corporate donations at 2%.

It is observed from this analysis that various sectors of business houses, in 6 years between 2012-13 & 2017-18, donated a total of Rs 1941.95 cr or 91.17% of the total contribution from known sources of political parties amounting to Rs 2129.92 cr.

National parties have received the maximum corporate donations of Rs 573.18 cr in the 2014-15 (during which the Lok Sabha elections were held), followed by 2016-17 with Rs 563.19 cr and 2017-18 with Rs 421.99 cr.

Between 2012-13 and 2017-18, donations from corporates to National Parties increased by 414%, with a major drop in the percentage of corporate donations in 2015-16. Donations from corporates to National Parties reduced by 25.07% between 2016-17 and 2017-18.

Between 2012-13 and 2017-18, BJP received the maximum corporate donations of Rs 1621.40 cr, constituting 83.49% of the total corporate donations in the six years.

Prudent/Satya Electoral Trust was the top donor to two of the National Parties, between 2016-17 and 2017-18. The Trust donated a total of 46 number of times in 2 years, amounting to Rs 429.42 cr.

BJP declared receiving Rs 405.52 cr in 33 donations while INC was the recipient of Rs 23.90 cr of funds in 13 donations from Prudent/Satya Electoral Trust. Bhadram Janhit Shalika Trust was the second highest corporate donor to BJP and INC, donating 10 times, a total amount of Rs 41 cr.

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