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BJP accounts for 69% of highest total assets among political parties

BJP accounted for 69.4% or INR 4,847.7 crore of highest assets in 2019-20, while Congress has highest liabilities in the same year, worth INR 49.5 crore.

The assets declared by political parties fall under six major heads: fixed assets, loans & advances, FDR/ deposits, TDS, investments and other assets.
The assets declared by political parties fall under six major heads: fixed assets, loans & advances, FDR/ deposits, TDS, investments and other assets. Photo courtesy: Wikimedia

According to an analysis carried out by independent watchdog Association for Democratic Reforms (ADR) of the assets, liabilities and capital declared by parties in their annual audit reports for the year 2019-20, the assets declared by seven national parties and 44 recognised state parties in 2019-20 totalled INR 6,988.5 crore and INR 2,129.3 crore, respectively.

Among the national parties, the highest assets for FY 2019-20 were declared by BJP amounting to INR 4,847.7 crore (69.4%) followed by BSP which declared assets worth INR 698.33 crore (10%) and INC with assets worth INR 588.16 crore (8.4%), as per ADR analysis. 

The assets declared by political parties fall under six major heads: fixed assets, loans & advances, FDR/ deposits, TDS, investments and other assets.

During FY 2019-20, the national & regional parties of India declared maximum assets under FDR/fixed deposits which amounted to INR 5,970.6 crore (65.5% of total assets) followed by INR 1,363.9 crore (15%) under fixed assets and INR 946.6 cr (10.4%) under ‘other assets’.

According to ADR report, BJP’s assets comprised FDR or deposits worth INR 3,253 crore, fixed assets worth INR 716.6 crore and loans and advances worth INR 590 crore. BSP declared FDR and deposits worth INR 618.8 crore while the Congress FDR and deposits in 2019-20 amounted to INR 240.9 crore.

Among regional parties, SP had the highest assets in 2019-20 amounting to INR 563 crore, followed by TRS with assets worth INR 301 crore, AIADMK with assets worth INR 267 crore and DMK with assets worth INR 184 crore. Among the 44 regional parties, the assets of the top 10 parties were worth INR 2,028.7 crore or 95.3% of the total assets declared by all the regional parties for FY 2019-20. Fixed deposits and FDR constituted the largest share of INR 1,639.5 crore (77%) of the total assets declared by regional parties in FY 2019-20.

The total liabilities declared by the seven national and 44 regional parties for FY 2019-20 amounted to INR 134.9 crore. The national parties’ share was INR 74.3 crore, while the regional parties share was Rs 60.7 crore.

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK, India and UAE. Connected to India covers developments around NRIs. Cover arts, political, sports, finance, entrepreneurship, business, movies, dramas, entertainment and other news for Indians living worldwide.

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