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RBI introduced new FD rules
New Delhi: Corporate funding continues to dominate political financing in India, with new data showing that business houses contributed the bulk of donations to 40 regional parties that declared their finances to the Election Commission.
A new analysis by the Association for Democratic Reforms (ADR) shows that corporates contributed Rs 872.538 crore (62.36%) of the total donations received by these 40 regional parties, while individual donors contributed Rs 193.946 crores (13.86%), despite accounting for 69% of the total number of donations. The report prepared by the ADR focuses on donations declared by regional parties during the financial year 2023-24 and 2024-25 as submitted to the Election Commission. The report focuses on donations received by 40 of India's 67 regional political parties that declared their funds.
MK Stalin-led DMK in Tamil nadu declared the highest donations receiving Rs 365 crore from 467 donations in FY 2024-25. The Trinamool Congress, led by Mamata Banerjee, declared the second-highest donations after DMK at Rs 184 crore, followed by YSRCP at Rs 140 crore and TDP at Rs 83 crore.
In FY 2023-24, the TDP had declared the highest amount of donations at rs 100 crore from 172 donations.
The other regional parties among the top 10 recipients of donations were AIADMK (Rs 66 crore) BJD (Rs 60 crore) JMM (Rs 33 crore), Janasena (Rs 25 crore) JD(U) ( Rs 18 crore) and IUML (Rs 15 crore). Several parties witnessed significant increase in donations between the two financial years. These include DMK,TMC, JMM, AIADMK, LJP (Ram Vilas) and BJD, among others.
