TMC officially got more money than Congress in 2019
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Synopsis
Around Rs 100 crore of Trinamool’s Rs 143 crore corpus came through electoral bonds alone, as per the party’s annual audit report submitted to the Election Commission of India. Trinamool is locked in an intense election battle with the BJP, known to heavily fund every election.
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NEW DELHI: The All India Trinamool Congress has raised Rs 143 crore in 2019-20, more than the Congress, with nearly 70% of its funds coming through electoral bonds, the contentious funding mechanism criticised by Opposition parties.
Around Rs 100 crore of Trinamool’s Rs 143 crore corpus came through electoral bonds alone, as per the party’s annual audit report submitted to the Election Commission of India. Trinamool is locked in an intense election battle with the BJP, known to heavily fund every election. Trinamool too was a big spender in the 2019 Lok Sabha elections, with an official figure of Rs 107.2 cr
Synopsis
The bulk of the Congress funding came from electoral trusts in 2019-20. In 2019-20, the Progressive Electoral Trust donated to regional parties, giving Rs 46 crore and 25 crore to AIDMK and BJD, respectively.
PTI
New Delhi: The Congress mopped up Rs 139 crore from contributions in 2019-20, down from the Rs 146 crore it gathered a year earlier. The Lok Sabha polls were held in the first two months of 2019-20.
One of the party’s biggest donors in 2018-19, Tatas backed Progressive Electoral Trust, kept away from contributing to the party in the election year. The trust was the biggest donor to BJP in 2018-19, contributing Rs 356 crore of its Rs 800 crore. It gave the Congress Rs 55 crore the same year.
NEW DELHI: Of the two national parties whose contribution reports for 2019-20 were placed in the public domain by Election Commission on Tuesday, the Bahujan Samaj Party (BSP) has yet again declared ‘nil’ donations in excess of Rs 20,000, while Nationalist Congress Party’s (NCP) contributions have soared to Rs 59.95 crore, almost five times more than the Rs 12.05-crore donations it received in 2018-19.
Among the major donors to NCP, which is part of the coalition in Maharashtra, were B G Shirke Construction Technology Pvt Ltd (Rs 25 crore), Panchshil Corporate Park Pvt Ltd (Rs 7.5 crore), Covid-19 vaccine maker Serum Institute of India (SII) (Rs 3 crore) and Finolex Industries Ltd (Rs 1.25 crore). Only one electoral trust – Harmony Electoral Trust – contributed to NCP, the amount being 1.5 crore.