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5 parties received Rs 587cr in poll bonds in 2018-19

A look at audit reports for the last financial year made available by the Election Commission, which must mandatorily declare income from electoral bonds under a separate head, reveals that Biju Janata Dal received Rs 213.5 crore as contributions via electoral bonds route.

, TNN|
Nov 28, 2019, 10.45 AM IST
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New Delhi: Even as Congress and some other opposition parties have slammed electoral bonds for being a non-transparent source of funding, annual audit reports filed by one national party and four state parties for 2018-19 have together accounted for bonds worth over Rs 587 crore. Also, a major part of their income through contributions and donations has come from bonds.

A look at audit reports for the last financial year made available by the Election Commission, which must mandatorily declare income from electoral bonds under a separate head, reveals that Biju Janata Dal received Rs 213.5 crore as contributions via electoral bonds route.

This is the latest entry while TMC earned Rs 97.28 crore, Janata Dal (Secular) Rs 35.25 core, YSR Congress Party Rs 99.84 crore and Telangana Rashtriya Samithi (TRS) Rs 141.5 crore.

The EC website currently exhibits annual audit reports of only three of seven recognised national parties — TMC, BSP and CPM — and 22 other state parties. Of this, one national party and four state parties declared funding via electoral bonds. Interestingly, in all these cases, income from electoral bonds formed a dominant chunk of total contributions and donations.

For TMC, income from bonds formed 88% of the total contributions/donations/ grants received by it in 2018-19.

BJD so far has declared the highest receipts — Rs 213.5 crore — via bonds. This accounts for 88% of total contributions and donations worth Rs 242.86 crore received by the party in 2018-19. BJD, the ruling party in Odisha, faced both Lok Sabha and state assembly elections in April-May this year.

JD(S) has also reported 82% of its contributions through electoral bonds. For YSR Congress, bonds accounted for 55% of its total contributions for 2018-19. TRS reaped Rs 141.5 crore, or 77% of its total contributions worth Rs 182.67 crore, from bonds.

Over Rs 6,000 crore worth of bonds were issued in 2018-19. Some estimates suggest nearly Rs 4,500 crore bonds income may have landed in BJP’s kitty.

BJD so far has declared the highest receipts — Rs 213.5cr — via bonds. This accounts for 88% of the total contributions and donations worth Rs 242.86cr received by the party in 2018-19

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