Over 93% dip in Prudent Trust’s funds for Congress in FY 2020-21, BJP’s share rose by 2%

While the contribution of Prudent Electoral Trust to political events declined by over 9 per cent because it donated Rs 245.7 crore this monetary 12 months, in comparison with Rs 271 crore within the 2019-20 monetary 12 months, its share for the Congress social gathering dipped by greater than 93 per cent, dropping from Rs 31 crore final 12 months to simply 2 crore this fiscal, an evaluation of its contribution submitted to the Election Commission reveals.

The Aam Aadmi Party (AAP) too noticed a decline in donation by greater than 84 per cent as its share fell from Rs 11.2 crore final 12 months to simply 1.7 crore this 12 months.

The share of Prudent Trust – the richest electoral belief and one of many BJP’s greatest funders since 2013-14 – for the saffron social gathering rose marginally by 2 per cent at Rs 209 crore, in comparison with Rs 203 crore within the final fiscal. This amounted to 85 per cent of its whole donation as in comparison with 74 per cent final 12 months.

According to the contribution for FY 2020-21, the Janata Dal (United) acquired Rs 25 crore and is the second largest beneficiary of contributions made by the belief. It additionally donated Rs 5 crore to the NCP and Rs 2 crore to the Rashtriya Janata Dal.

Interestingly, it dropped just a few political events from its listing of beneficiaries this fiscal, together with the Shiv Sena, Akali Dal, Samajwadi Party and Jannayak Janta Party (JJP) and LJP. These events had acquired donations final 12 months.

The Prudent Electoral Trust is among the many largest electoral trusts in India with nearly over 90 per cent of all company donations to electoral trusts going into its kitty.

Among its main contributors are Future Gaming and Hotel Services, infrastructure agency Megha Engineering and Infrastructures India Ltd, Bharti Airtel, Bharti Infratel and Phillips Carbon Black. It raised Rs 100 crore from Future Gaming and Hotel Services, Rs 25 crore from Haldia Energy India Ltd, Rs 22 crore from Megha Engineering, Rs 15 crore from Bharti Airtel, Rs 10 crore from Bharti Infratel and Rs 20 crore every from Phillips Carbon Black and Torrent group corporations.

An evaluation of the belief’s contributions over the previous 5 years reveals that the BJP has acquired the utmost contribution amongst political events whereas the Congress’ share has considerably declined.

In FY 2016-17, Prudent Trust’s (then referred to as Satya Electoral Trust) contribution to political events rose considerably to Rs 283.7 crore. It donated 88.9 per cent or Rs 252.22 crore to BJP, whereas the Congress acquired solely Rs 14 crore. The contributions acquired by Prudent Electoral Trust fashioned 87.18 per cent of the whole quantity donated to all electoral trusts throughout FY 2016-17, in response to the Association of Democratic Reforms (ADR).

ADR famous that between 2016 and 2018, Prudent Trust, which donates to a number of political events, gave the BJP Rs 405.25 crore, almost 44 per cent of the electoral funds of Rs 915.59 crore declared by the BJP. That made Prudent’s contribution the only largest to the BJP.

The BJP acquired Rs 915.59 crore in donations from over 1,500 corporates between 2016 and 2018, nearly 16 occasions greater than what the Congress acquired in the identical interval.

The BJP’s Rs 915.59 crore got here from 1,731 company donors, whereas the Congress acquired its donations from 151 corporates. The NCP acquired Rs 7.737 crore from 23 company donors. The CPI has the bottom share of company donations at 2 per cent, the ADR famous.

In reality, in FY 2017-18, BJP alone acquired Rs 167.80 crore or 86.59 per cent of the whole donations acquired by all political events from electoral trusts. Other 4 political events, together with Congress, BJD, NCP and JKNC, collectively acquired solely Rs 25.98 crore, in response to an ADR evaluation.

In FY 2018-19, Prudent Electoral Trust’s contribution to political events declined nevertheless it did a balancing act of kinds between the BJP and Congress. Out of its fund of Rs 182.three crore in 2018-19, Prudent donated Rs 52.75 crore to the BJP and Rs 39 crore to the Congress. In FY 2017- 18, it donated Rs 169.three crore to political events out of which a staggering Rs 144 crore (85 per cent) went to the BJP and simply Rs 10 crore was given to the Congress social gathering.

Prudent Electoral Trust Contributions

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