Categories: Politics

40 regional parties report 2,532 crore revenue in FY23-24: ADR

Around 40 regional political parties reported a combined income of ₹2,532.09 crore in the 2023-24 financial year, with over 70% of their funds coming from electoral bonds, according to an analysis by Poll Rights Body Association for Democratic Reforms (ADR).

The Bharat Rashtra Samithi (BRS) reported the highest income at 685.51 crore, followed by the Trinamool Congress (TMC) with ₹646.39 crore, the Biju Janata Dal (BJD) with 2977.81 crore, the Telugu Congress (TDP) with ₹285.07 crore, and Ysr Congress (TDP) with ₹285.07 crore, and Ysr Congress (TDP) with ₹285.07 crore, and Ysr Congress (TDP) with ₹285.07 crore.

These top five parties accounted for 83.17% of the total income reported by the 40 regional parties.

“The total income of the 40 regional political parties for the financial year 2023-24 was ₹2,532.096 crore. More than 70% of the total income (1,796.024 crore) of the 40 regional political parties analyzed for the financial year 2023-24 came from donations through electoral bond,” the report said.

The ADR said audit reports of 20 regional parties were not available on the Election Commission of India (ECI) website even 313 days after the last date of submission.

The audit reports of 20 parties out of the 40 analyzed by ADR were available on the ECI website after a delay of 12 to 216 days from the due date for submission.

The ADR noted that the overall income of the regional parties increased sharply by 45.77 per cent, compared to the financial year 2022-23, when their total income stood at `1,736.85 crore. TMC recorded the highest increase of ₹312.93 crore, while TDP and BJD also saw significant jumps.

The report said 27 regional parties reported that part of their income was unspent while the expenditure of 12 political parties exceeded the income received during the year.

BRS had ₹430.60 crore from its unspent income, TMC 414.92 crore and BJD 253.79 crore.

In contrast, 12 parties, including the YSR Congress, Dravida Munnetra Kazhagam (DMK), Samajwadi Party and Janata Dal (United), spent more than their income, with the YSR Congress overspending by almost 55%. The Goa forward side did not declare any income but reported expenses of `1.56 lakh.

Of the total income, 2,117.85 crore (83.64%) came from voluntary contributions. In this, donations through electoral bonds accounted for 1,796.02 crore (70.93%), declared by only 10 parties, including BRS, TMC, BJD, TDP, YSR Congress and DMK.

In comparison, ₹321.82 crore was raised through other donations and contributions, while interest income accounted for ₹274.90 crore (10.86%).

As per data shared by State Bank of India in response to ADR’s RTI application, electoral bonds worth 4,507.56 crore were redeemed by parties during the financial year 2023-24. Around 55.998% (₹2,524.14 crore) was taken over by national parties and 39.84% (₹1,796.02 crore) by regional parties.

In the financial year 2023-24, only three national parties (BJP, Congress and Aam Aadmi) received donations through electoral bonds, the report said.

Also Read: AU Small Finance Bank CFO Vimal Jain dies after cardiac arrest

Source link

Emily Carter

Emily Carter – Senior Political Editor Covers U.S. politics for over 10 years, specializing in elections and foreign policy.

Recent Posts

NBA annual survey says Thunder will repeat, Nuggets’ Jokic as MVP

Tim BontempsOctober 9, 2025, 11:46 a.m. ETCloseTim Bontemps is a senior NBA writer for ESPN.com who covers the league and…

3 weeks ago

Donald Trump to present Ben Carson with the Presidential Medal of Freedom

Former Secretary of Housing and Urban Development Dr. Ben Carson, recently named National Nutrition Advisor at the U.S. Department of…

3 weeks ago

Federal health insurance premiums will see another significant increase in 2026

Federal employees and annuitants are heading into another year of sharp increases in their health insurance premiums, both under the…

3 weeks ago

Drake’s Lawsuit Against Kendrick Lamar’s ‘Not Like Us’ Dismissed by Judge

A federal judge on Thursday (Oct. 9) dismissed Drake's defamation lawsuit against Universal Music Group over Kendrick Lamar's "Not Like…

3 weeks ago

10/9: CBS Morning News – CBS News

10/9: CBS Morning News - CBS News Watch CBS News Israel and Hamas agree to first phase of Gaza peace…

3 weeks ago

Letitia James, who sued Trump, indicted for alleged bank fraud: NPR

New York Attorney General Letitia James speaks during a news conference January 8, 2025 in New York. Michael M. Santiago/Getty…

3 weeks ago