BJP Has The Highest Asset Declaration Amongst Indian National Parties

In a shocking revelation, the saffron party has declared the maximum assets it owns in comparison to any other Indian political party, a report by non-governmental organization Association for Democratic Reforms (ADR) has confirmed.

With that, it has become the richest national party in the country, after Samajwadi Party leaving Congress on number 03. The declared assets of the parties are as follows: Rs 4,847.78 crore (BJP), Rs 698.33 crore (Bahujan Samaj Party), and Rs. 588.16 crore (Congress).

ADR’s analysis comes after having gathered data from 44 regional parties and seven national parties of the country. The seven national parties include the BJP, Bahujan Samaj Party, Congress, Communist Party of India (Marxist), Communist Party of India, All India Trinamool Congress, and Nationalist Congress Party.

The assets declared by the parties include fixed deposits, loans, advances, and investments.

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It was discovered that BJP has received heavy amounts from unidentified sources to the tune of Rs. Rs 2,642.63 crore in the financial year 2019-’20. It is worth noting that this has been the year when the world was hit by the coronavirus pandemic and lockdowns became the rule of the day.

Further, findings said that BJP’s receipts from unidentified sources were calculated to be surprisingly equal to 78.24% of the total income of the seven national parties. That is indeed a lot of money gone (under the table) to one party in the country.

Electoral bonds worth Rs. 3,429.56 crore were redeemed by political parties in the financial year 2019-’20, and 87.29% of those were received by the Bharatiya Janata Party, the Congress, the Trinamool Congress, and the Nationalist Congress Party, another report released on August 27 stated.

Electoral bonds are monetary instruments that citizens or corporate groups can buy from a bank and give to a political party, which is then free to redeem them.