Friday, August 27, 2021

Electoral bonds worth Rs 3,429.56 crore redeemed by parties in 2019-20: ADR

Electoral bonds worth Rs 3,429.56 crore were redeemed by parties in 2019-20, and 87.29 per cent of this was received by four national parties the BJP, Congress, TMC and the NCP, poll rights group Association for Democratic Reforms (ADR) said. In a new report, the ADR said the BJP declared a total income of Rs 3,623.28 crore during the financial year 2019-20, but spent only 45.57 per cent (Rs 1,651.022 crore) of it. The Congress' total income in 2019-20 was Rs 682.21 crore. The party spent Rs 998.158 crore, which exceeds its income for that year by 46.31 per cent, it said. The TMC declared a total income of Rs 143.676 crore during FY 2019-20, and spent Rs 107.277 crore (74.67 per cent), the ADR report added. "As per the data shared by SBI in response to ADR's RTI application, electoral bonds worth Rs 3,429.5586 crore were redeemed by parties in FY 2019-20. Of this, 87.29 per cent was received by four national parties BJP, INC, AITC & NCP," it said. "The total amount of electoral

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