BSP, AIADMK, BJD get richer; CPI-M, Trinamool, DMK turn poorer after 2014 polls
The 2014 general elections had different financial fall-outs for political parties with some becoming richer while others losing money heavily.india Updated: Sep 28, 2014 00:33 IST
The 2014 general elections had different financial fall-outs for political parties with some becoming richer while others losing money heavily.
The Bahujan Samaj Party (BSP) became richer by over Rs 58 crore without winning a single Lok Sabha seat. Naveen Patnaik led Biju Janata Dal, which returned to power in Odisha, witnessed a six-fold increase in its savings. AIADMK’s coffer doubled as it won 37 of the 39 Lok Sabha seats in Tamil Nadu.
On the other hand, CPI(M) lost half of it savings without much electoral success and Nationalist Congress Party (NCP) coffers dried by about 90%. Money in DMK’s accounts went down by over Rs 38 crore. All three fared badly in this summer’s national elections.
The expenditure reports submitted by 36 political parties, mostly regional, to the Election Commission for 10 phase polling also showed that the Trinamool Congress did not have a penny when the polls were announced in first week of March.
The party collected over Rs 13 crore in a short span to win 34 of the total 42 Lok Sabha seats in West Bengal. It utilised most of the money for campaign as its closing balance after the polls was just Rs 6,000.
Its rival party, the CPI(M), faced some fund crunch to match the Trinamool money might. The party spent Rs 8.75 crore with the central office contributing just Rs 2.75 lakh for the state where it had been in power for 35 years.
In Tamil Nadu, the expenditure of the two main political parties — AIADMK and DMK — was less than the black money seized by the Election Commission. Together they spent about Rs 73.50 crore in the polls.
At end of the polls, the AIADMK got richer as it had Rs 11.8 crore as compared to opening balance of Rs 5.9 crore.
In Andhra Pradesh, where Lok Sabha and state assembly polls were held simultaneously, the debutant YSR Congress matched Chandrababu Naidu led TDP in money power. The YSR Congress collected Rs 11.57 crore as against Rs 12.31 crore by the TDP.
Another trend for the two parties was that they did not pay a penny to candidates for contesting the accounts submitted by them to the EC shows. TDP-BJP alliance came to power in Andhra with 106 seats with YSR Congress winning 67 seats with the two parties spending heavily on media coverage.
In Maharashtra, where assembly polls are to be held on October 15, the major parties — NCP and Shiv Sena — got rich contributions during Lok Sabha polls. NCP, which got poorer after the polls, won only six seats whereas Shiv Sena, which bagged 18 seats, got richer.The two national parties — Congress and the BJP — have not submitted their expenditure reports for the Lok Sabha polls to the commission so far. But, the contributions received by the regional parties indicate that the party likely to win gets good response from its contributors and highest expenditure is on media.
First Published: Sep 28, 2014 00:28 IST