BJP 'cornered' 54% of all-India parties' assets, followed by Congress 17%: ADR

By A Representative
Top advocacy group Association for Democratic Reforms' (ADR's) analysis of assets and liabilities of seven national parties has suggested that the highest assets for the FY 2018-19 were declared by BJP, amounting to Rs 2,904.18 crore (54.29% of the total), followed by the Indian National Congress (INC), which declared assets worth Rs 928.84 crore (17.36%) and Bahujan Samajwadi Party (BSP) declared assets worth Rs 738 crore (13.80%).
The total assets declared by the seven national political parties during FY 2018-19 amounted to Rs 5,349.25 crore. The seven national political parties analysed are BJP, INC, INC, Nationalist Congress Party (NCP), BSP, CPI, CPI-M and All-India Trinamool Congress (AITC).
As for the regional parties, ADR said, out of the total amount declared Rs 2023.71 crore in FY 2018-19, the highest share was that of the Samajwadi Party (SP) Rs 572.21 crore (28.28%), followed by Biju Janata Dal (BJD) Rs 232.27 crore and AIADMK Rs 206.75 crore.
As for liabilities, analysed under two major heads – borrowings (from banks, overdraft facilities and sundry creditors), and other liabilities – ADR said, in FY 2018-19 the total liabilities declared by the seven national and 41 regional political parties amounted to Rs 213.231 crore.
Of this, it said, INC declared the highest total liabilities worth Rs 78.42 crore (58.75%), followed by BJP that declared Rs 37.46 crore (28.06%). As for regional political parties, the Telugu Desam Party (TDP) declared the highest total liabilities of Rs 18.10 crore (22.7%) followed by Janata Dal-Secular (JDS) that declared Rs 18.01 crore (22.58%).

By having no provision to change auditors frequently, foreign companies might have a bird’s eye view of the parties’ internal accounting

Coming to capital/reserve funds declared by national and regional parties, ADR said, in FY 2018-19, these stood at Rs 5,215.77 crore and Rs 1,943.976 crore, respectively. Of this, BJP declared the highest capital of Rs 2,866.72 crore followed by Rs 850.42 crore of INC and Rs 735.77 crore of BSP, while the lowest capital was declared by CPI of Rs 24.87 crore followed by NCP of Rs 31.05 crore.
As for the regional parties, SP declared the highest capital of Rs 571.70 crore followed by Rs 223.85 crore of BJD and Rs 206.71 cr of AIADMK.

Taking strong exception to the manner in which the political parties’ accounts are audited, ADR said, Indian laws do not permit foreign auditing firms to operate directly in India but might have a tie-up with domestic auditing firms, which is “a worrisome factor if the domestic firm is auditing Indian parties’ accounts.”
“By having no provision to change auditors frequently, foreign companies might have a bird’s eye view of the parties’ internal accounting”, it said, adding, “The accounts of political parties should be audited by a qualified and practicing Chartered Accountant from a panel of such accountants maintained for the purpose by the Comptroller and Auditor General. This differs from the current practice where political parties choose their auditors entirely on their own.”
“As the income-expenditure statements of political parties are assessed rarely, authenticity of the accounts submitted remains doubtful. When the authenticity is not verified, the auditors who might be under-reporting the accounts, remain out of purview of punishment”, ADR underlined.

It added, “With online submission of IT returns, political parties do not submit details of income, expenditure and assets and liabilities as attachments. Thus, the IT department too does not have enough information on the finances of political parties. Annual scrutiny of documents submitted by political parties is recommended.”

Comments

India's chemical industry: The missing piece of Atmanirbhar Bharat

By N.S. Venkataraman* Rarely a day passes without the Prime Minister or a cabinet minister speaking about the importance of Atmanirbhar Bharat . The Start-up India scheme is a pillar in promoting this vision, and considerable enthusiasm has been reported in promoting start-up projects across the country. While these developments are positive, Atmanirbhar Bharat does not seem to have made significant progress within the Indian chemical industry . This is a matter of high concern that needs urgent and dispassionate analysis.

A comrade in culture and controversy: Yao Wenyuan’s revolutionary legacy

By Harsh Thakor* This year marks two important anniversaries in Chinese revolutionary history—the 20th death anniversary of Yao Wenyuan, and the 50th anniversary of his seminal essay "On the Social Basis of the Lin Biao Anti-Party Clique". These milestones invite reflection on the man whose pen ignited the first sparks of the Great Proletarian Cultural Revolution and whose sharp ideological interventions left an indelible imprint on the political and cultural landscape of socialist China.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

New RTI draft rules inspired by citizen-unfriendly, overtly bureaucratic approach

By Venkatesh Nayak* The Department of Personnel and Training , Government of India has invited comments on a new set of Draft Rules (available in English only) to implement The Right to Information Act, 2005 . The RTI Rules were last amended in 2012 after a long period of consultation with various stakeholders. The Government’s move to put the draft RTI Rules out for people’s comments and suggestions for change is a welcome continuation of the tradition of public consultation. Positive aspects of the Draft RTI Rules While 60-65% of the Draft RTI Rules repeat the content of the 2012 RTI Rules, some new aspects deserve appreciation as they clarify the manner of implementation of key provisions of the RTI Act. These are: Provisions for dealing with non-compliance of the orders and directives of the Central Information Commission (CIC) by public authorities- this was missing in the 2012 RTI Rules. Non-compliance is increasingly becoming a major problem- two of my non-compliance cases are...

History, culture and literature of Fatehpur, UP, from where Maulana Hasrat Mohani hailed

By Vidya Bhushan Rawat* Maulana Hasrat Mohani was a member of the Constituent Assembly and an extremely important leader of our freedom movement. Born in Unnao district of Uttar Pradesh, Hasrat Mohani's relationship with nearby district of Fatehpur is interesting and not explored much by biographers and historians. Dr Mohammad Ismail Azad Fatehpuri has written a book on Maulana Hasrat Mohani and Fatehpur. The book is in Urdu. He has just come out with another important book, 'Hindi kee Pratham Rachna: Chandayan' authored by Mulla Daud Dalmai.' During my recent visit to Fatehpur town, I had an opportunity to meet Dr Mohammad Ismail Azad Fatehpuri and recorded a conversation with him on issues of history, culture and literature of Fatehpur. Sharing this conversation here with you. Kindly click this link. --- *Human rights defender. Facebook https://www.facebook.com/vbrawat , X @freetohumanity, Skype @vbrawat

Remembering a remarkable rebel: Personal recollections of Comrade Himmat Shah

By Rajiv Shah I first came in contact with Himmat Shah in the second half of the 1970s during one of my routine visits to Ahmedabad , my maternal hometown. I do not recall the exact year, but at that time I was working in Delhi with the CPI -owned People’s Publishing House (PPH) as its assistant editor, editing books and writing occasional articles for small periodicals. Himmatbhai — as I would call him — worked at the People’s Book House (PBH), the CPI’s bookshop on Relief Road in Ahmedabad.

Celebrating 125 yr old legacy of healthcare work of missionaries

Vilas Shende, director, Mure Memorial Hospital By Moin Qazi* Central India has been one of the most fertile belts for several unique experiments undertaken by missionaries in the field of education and healthcare. The result is a network of several well-known schools, colleges and hospitals that have woven themselves into the social landscape of the region. They have also become a byword for quality and affordable services delivered to all sections of the society. These institutions are characterised by committed and compassionate staff driven by the selfless pursuit of improving the well-being of society. This is the reason why the region has nursed and nurtured so many eminent people who occupy high positions in varied fields across the country as well as beyond. One of the fruits of this legacy is a more than century old iconic hospital that nestles in the heart of Nagpur city. Named as Mure Memorial Hospital after a British warrior who lost his life in a war while defending his cou...

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Rajiv Shah Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

Minority rights group writes to Gujarat CEO, flags serious issues in SIR process

By A Representative The Minority Coordination Committee (MCC) Gujarat has submitted a formal representation to the Chief Electoral Officer (CEO) of Gujarat, Harit Shukla (IAS), highlighting serious irregularities and difficulties faced by voters in the ongoing Special Intensive Revision (SIR) process of the electoral roll. The organisation warned that if corrective measures are not taken urgently, a large number of eligible citizens may be deprived of their voting rights.

Search This Blog