Owing to a RTI Act petition filed by Delhi-based media student Afroze Alam, the list of Top 10 Indian political parties receiving funds from corporates and individuals in 2007-08 has come out. It shows the Bhartiya Janta Party receiving almost double the amount of funds that the other nine political parties put together got. The list also brings forward the top corporates who gave funds in huge amounts and became the prime funding sources for the political parties.
There can only be two reasons why BJP seems to be marching ahead in the funds race:
1. Either BJP is the only party which truthfully declares what it gets, or
2. BJP really is ahead in the race of receiving funds.
Top 10 Political Parties receiving Funds:
Funding Sources (Major Contributors)
Total Amount (Rs.)
General Electoral Trust :
Videocon Industries Ltd.:
Punj Lloyd Ltd, Delhi:
Torrent Power Ltd, Ahmedabad:
Niranjan L Hiranandani:
Multifaced Finstock Pvt Ltd, Mumbai:
V M Salgaonkar & Bros Pvt Ltd:
VS Dempo and Co. Pvt Ltd, Goa:
Chowgule Charitable Trust, Goa:
Mundra Port & Special Eco Zone Ltd:
Power seems to have really worked wonders for the Congress, as while it was trailing to BJP in 2002 in terms of total assets, in the years of power, it's asset became almost double of BJP. For the BJP that figures doesn't make much sense as it shows them having lesser asset in 2006 than they had in 2004. BSP suggests that it's assets remained the same in 2004 and 2006, while it showed a 300% increase between 2002 and 2004. Now, it's any body's guess if our Political parties showcase the correct figures!
Assets in '06 (Rs. Cr)
in '04 (Rs. Cr)
in '02 (Rs. Cr)
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