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India's regional parties turn poorer, but DMK and TRS ring in the moolah

India's regional parties turn poorer, but DMK and TRS ring in the moolah

India's regional parties turn poorer, but DMK and TRS ring in the moolah
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By Jude Sannith  Mar 8, 2019 8:11:32 PM IST (Updated)

India’s regional parties turned Rs 172 crore poorer in FY18 when compared to the previous year, a study by the Association for Democratic Reforms (ADR) has revealed.

India’s regional parties turned Rs 172 crore poorer in FY18 when compared to the previous year, a study by the Association for Democratic Reforms (ADR) has revealed.

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A total of 34 regional parties, the study said, declared an income of Rs 236.86 crore for FY18, which points to a decrease of 42 percent when compared to a reported income of Rs 409.64 crore the previous fiscal.
A total of 11 regional parties including big names like the Jammu & Kashmir National Conference (JKNC) and Mehbooba Mufti Sayeed’s PDP do not have their audit reports on the Election Commission of India, ADR India’s report said.
In all, 37 regional parties declared a net income of Rs 237.27 crore. Leading the list, as it did last year was the Samajwadi Party (SP), which reported the highest income of Rs 47.19 crore. However, the figure was 43 percent lower than the Rs 82.76 crore in income that it reported for FY17.
Two new entrants have made their way to the top three richest regional parties. The Dravida Munnetra Kazhagam (DMK) reported an income of Rs 35.75 crore and the Telangana Rashtra Samiti (TRS) said it earned Rs 27.27 crore, in FY18, taking both parties to the number two and three slots.
The total income of the top three regional parties — SP, DMK and TRS — totals to Rs 110.21 crore, which is 46.45 percent of the total income of 37 regional parties who declared their earnings.
Both, the DMK and TRS, pushed incumbent number two for FY17, the Telugu Desam Party (TDP), to number four. The TDP declared an income of just Rs 19.4 crore for FY18 in comparison to its whopping Rs 72.92 crore income that it declared last fiscal.
Interestingly, the ruling All India Anna Dravida Munnetra Kazhagam (AIADMK), which sat pretty at number three in FY 17, doesn’t feature in the top five for FY18 with just Rs 12.73 crore in declared income, which is merely 26 percent of its reported Rs 48.88 crore income for FY17.
When it came to spending, the study revealed that top earners were pretty liberal with the purse strings as well. The Samajwadi Party spent Rs 34.5 crore in FY 18, which accounted for 20 percent of all regional parties’ spending, followed by the DMK, which spent Rs 27.47 crore. It's reportedly meagre earnings notwithstanding, the TDP ended up spending a decent Rs 16.73 crore in the fiscal.
While the bulk of all parties’ income (36.5 percent) was generated through “membership fees” totalling to Rs 86.6 crore, “voluntary contributions or donations” came a close second with 32.58 percent of the total income of Rs 237 crore accounted for, by this head. Only the Janta Das Secular (JDS) reported that it received Rs 6.03 crore through electoral bonds.
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