BSP has the biggest bank balance among parties- New Delhi: According to the official records, the Bahujan Samaj Party (BSP) has the largest bank balance among all parties. In the expenditure report submitted by the BSP to the Election Commission on February 25, it has been stated that in the National Capital Region, the branches of public sector banks in the eight accounts are deposited in the amount of 669 crore rupees.
The party, which is vacant in the 2014 Lok Sabha elections, has also declared cash worth 95.54 lakh rupees. The expenditure report is based on the details of the parties’ central kits. Samajwadi Party is in second place with Rs 471 crore in its bank accounts. After the recent assembly elections in Madhya Pradesh, Chhattisgarh, Rajasthan and Telangana, there has been a slight decline in the cash deposits of the party, which is less than 11 crore rupees.
At Rs 670 crore, BSP has the biggest bank balance among parties
Congress is in the third position with Rs 196 crore in the bank balance. However, it is based on the details submitted to the Election Commission on November 2 last year after the conclusion of the assembly elections in Karnataka. After winning state elections in Madhya Pradesh, Rajasthan and Chhattisgarh, the party has not updated the details about its reserves.
BSP has the biggest bank balance among parties – Rs 670 Crore, BJP is at fifth position with a bank balance of Rs 82 crores, and another regional organization, leaving behind Telugu Desam Party, which has deposited Rs 107 crores. For the latest updates, you can visit www.indiatimelines.com.
Looking at the amount shown by the BJP, it seems very little that it is ahead to end the contribution through election bonds. The possible explanation comes from the statement that he has presented. The party has claimed to spend Rs 758 crores – the biggest expenditure by any party – Rs 1,027 crores in 2017-18.
87% of the income of the parties through contributions
During the November-December elections for the four assembly constituencies of Chhattisgarh, MP, Rajasthan, and Telangana, the SP’s cash reserves declined by Rs 11 crore. On the contrary, the BSP, which collected 24 crores during these elections, improved its reserves from Rs 665 crores to Rs 670 crores.
According to the analysis of income tax returns of these parties by the Association for Democratic Reforms, BJP showed the highest earnings of Rs 1,034 crore for 2016-17 and Rs 1,027 crore in 2017-18. During this period, the income of the BSP increased from Rs 174 crore to Rs 52 crore. Congressional income for 2016-2017 has been shown to Rs 225 crore. It has not declared EC’s income in the subsequent financial years. CPM has declared an income of more than 100 crore rupees in the last few financial years. About 87% of the income of these parties is through voluntary contribution, in which the BJP can only show the benefit of 210 crore rupees through election bonds in 2017-18.