1/18/2019 12:44:22 PM
|written By : Team India Se|
The Congress party has declared Rs 199 crore (about US$28 million) of income for 2017-18, a 12 per cent drop from the previous year and its lowest in 11 years, according to the annual audit report filed by the party with the Election Commission of India (ECI) and data compiled by election watchdog Association for Democratic Reforms (ADR), reports the Hindustan Times.
The Congress party’s income for the year is a fifth of the Rs 1,027 crore declared by the ruling Bharatiya Janata Party (BJP). In 2016-17, the Congress declared Rs 225 crore of income. The Congress earned more than the BJP every year between 2001-02 and 2012-13. The BJP, which came to power in 2014, subsequently had a higher income than the Congress.
Out of the Congress’s Rs 199 crore of income in 2017-18, Rs 5 crore came in donations from electoral bonds, which political donors can buy from banks to pay political parties without revealing their identities. Such donations amounted to Rs 210 crore for the BJP, making it the biggest beneficiary of electoral bonds.