While the contribution of Prudent Electoral Trust to political events declined by over 9 per cent because it donated Rs 245.7 crore on this monetary yr as in comparison with Rs 271 crore within the 2019-20 monetary yr, the Congress celebration For this its share fell by greater than 93. The proportion has come down from Rs 31 crore final yr to simply 2 crore this fiscal, exhibits an evaluation of its contribution submitted to the Election Commission.
The Aam Aadmi Party (AAP) additionally noticed a decline of over 84 per cent in donations as its share fell from Rs 11.2 crore final yr to simply 1.7 crore this yr.
The share of Prudent Trust – the richest electoral belief and one of many BJP’s largest funders since 2013-14 – stood at Rs 209 crore, a marginal enhance of two per cent from Rs 203 crore within the earlier fiscal for the saffron celebration. Gaya. This was 85 % of her complete donation, in comparison with 74 % final yr.
As per the contribution for the monetary yr 2020-21, Janata Dal (United) obtained Rs 25 crore and is the second largest beneficiary of the contribution made by the belief. It donated Rs 5 crore to the NCP and Rs 2 crore to the Rashtriya Janata Dal.
Interestingly, it eliminated some political events from its checklist of beneficiaries this monetary yr, together with Shiv Sena, Akali Dal, Samajwadi Party and Jannayak Janata Party (JJP) and LJP. These events had obtained donations final yr.
Prudent Electoral Trust is among the largest electoral trusts in India, accounting for over 90 per cent of all company donations to electoral trusts.
Its main contributors are Future Gaming & Hotel Services, infrastructure agency Megha Engineering & Infrastructure India Limited, Bharti Airtel, Bharti Infratel and Philips Carbon Black. It raised Rs 100 crore from Future Gaming and Hotel Services, Rs 25 crore from Haldia Energy India Limited, Rs 22 crore from Megha Engineering, Rs 15 crore from Bharti Airtel, Rs 10 crore from Bharti Infratel and Rs 20 crore from Philips Carbon Black. and torrent group corporations.
An evaluation of the Trust’s contribution over the past 5 years exhibits that the BJP has obtained the very best contribution amongst political events whereas the Congress’s share has declined considerably.
In the monetary yr 2016-17, the contribution of Prudent Trust (then referred to as Satya Electoral Trust) to political events elevated to Rs 283.7 crore. It donated 88.9 per cent or Rs 252.22 crore to the BJP, whereas the Congress bought solely Rs 14 crore. According to the Association of Democratic Reforms (ADR), the contribution obtained by the Prudent Electoral Trust is 87.18 per cent of the entire quantity donated to all electoral trusts through the monetary yr 2016-17.
The ADR famous that between 2016 and 2018, the Prudent Trust, which donated to a number of political events, gave Rs 405.25 crore to the BJP, which is about 44 per cent of the Rs 915.59 crore electoral fund declared by the BJP. This made Prudent’s contribution the largest contribution to the BJP.
The BJP obtained donations value Rs 915.59 crore from over 1,500 corporates between 2016 and 2018, practically 16 instances greater than what the Congress obtained in the identical interval.
BJP bought Rs 915.59 crore from 1,731 company donors, whereas Congress bought donations from 151 corporates. NCP obtained Rs 7.737 crore from 23 company donors. The ADR famous that the CPI has the bottom share of company donations at 2 per cent.
In reality, within the monetary yr 2017-18 alone, the BJP bought Rs 167.80 crore or 86.59 per cent of the entire donations obtained from electoral trusts to all political events. As per the ADR evaluation, the opposite 4 political events together with Congress, BJD, NCP and JKNC collectively bought solely Rs 25.98 crore.
In FY 2018-19, Prudent Electoral Trust’s contribution to political events declined, nevertheless it did a balancing act between the BJP and the Congress. Out of its Rs 182.3 crore fund in 2018-19, Prudent donated Rs 52.75 crore to BJP and Rs 39 crore to Congress. In the monetary yr 2017-18, it donated Rs 169.3 crore to political events, of which Rs 144 crore (85 per cent) went to the BJP and solely Rs 10 crore to the Congress celebration.
Prudent Electoral Trust Contribution
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With inputs from TheIndianEXPRESS
