Substantial rise in BSP income
Two political contenders in Uttar Pradesh – the Samajwadi Party and the Bahujan Samaj Party -- have seen fluctuating fortunes in their income over the years, HT reports.lucknow Updated: Sep 11, 2012 14:23 IST
Two political contenders in Uttar Pradesh – the Samajwadi Party and the Bahujan Samaj Party -- have seen fluctuating fortunes in their income over the years.
While the cash inflow to the BSP during the last five years has shown a remarkable increase, it has been the other way round for the SP in the state.
The association for democratic reforms (ADR), which collected information through an RTI, has come out with an interesting record of cash donation to all political formations in the country.
The ADR had sought information from the Election Commission for the period from 2004 to 2011.
According to it, the Congress and the BJP as national parties have left others far behind in income from donation and other sources.
While the BSP did not receive any donation above Rs. 20,000 from any corporate house, the SP, out of power during the last five years, had, however, been beneficiary of corporate donations.
Even though the BSP declared that it had not received any donation above Rs. 20,000 in 2009-2011, its total income for the two years was Rs. 172.67 crore.
The income of the BSP, which was Rs. 4.2 crore in 2004-05, shot up to Rs. 115.7 crore in 2010-11.
But the total income of the SP decreased from Rs. 28.54 crore in 2004-05 to Rs. 15.21 crore in 2010-11.
It indicated that inflow of cash had gone down drastically when the SP was out of power between 2007-12.
According to the report, the BSP’s income was from contributions, membership and sale of property.
During the last seven years (2004-11), the highest total income was: the Congress Rs. 2008 crore, the BJP Rs. 994 crore, BSP Rs. 484 crore, CPM Rs. 417 crore and the SP Rs. 279 crore.
Apart from donation of Rs. 1.20 crore from districts units of Etah, Mainpuri, Gonda, Deoria and Auraiyya in 2003-04, the SP got Rs. 78 lakh from ITC Kolkata, Rs. 10 lakh from Honda Sea Cars India Ltd (Noida),
Rs. 5 lakh from Ramesh Chandra Singhal of Prashant Enterprises (Aligarh), Rs. 1.58 crore from Electoral Trust Mumbai and Rs. 50 lakh from General Electoral Trust (Wasme House Noida).
Among the top corporate donors, Torrent Power Ltd donated Rs. 14.15 crore to the Congress and R13 crore to the BJP.
Torrent Power Ltd was given power distribution licence in Agra during the Mayawati regime.
However, the Rashtriya Lok Dal headed by union civil aviation minister Chaudhury Ajit Singh lagged behind in raising funds.
While through two public meetings, the father-son duo – Ajit Singh and Jayant Chaudhury -- raised around Rs. 80 lakh in 2009-10, there was only one corporate donor –Ashto Estate Private Ltd (Delhi) that donated Rs. 20 lakh in 2008-09. One Yogesh Dhama of Baghpat had donated Rs. 12 lakh.
First Published: Sep 11, 2012 14:19 IST