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News India Live, Digital Desk: Whenever elections are mentioned in India, a picture of big rallies, glitter and pomp and show of publicity emerges in the mind. Obviously, huge funds are required for all these works. Now the question arises that from where do political parties get so much money and how full is the coffers of which party? Recently, the Bharatiya Janata Party (BJP) has submitted its latest annual report to the Election Commission (ECI), which has once again brought this issue into focus.
What was told to the Election Commission?
According to the rules, every registered political party has to give account of donations and expenditure received during the year to the Election Commission. BJP has told in its latest report how much money it has received from every corner of the country and from different sources during the financial year 2023-24.
The most important thing about this report is that BJP seems to be far ahead of other political parties in terms of receiving funds. Talking about the figures, this time also the donations received by BJP are in thousands of crores. The party has given every paisa detail—who donated how much and through what means (such as electoral bonds or individual donations) the money reached the party’s account.
Not only the donations, the expenses are also huge!
Politics is not just a game of collecting money, but also of spending it. BJP’s report not only mentions the earnings but also the expenses incurred on election advertisements, rallies and air tours. Experts say that the party has also reserved a large part of the funds for the upcoming big elections. Interestingly, when compared with Congress or other regional parties, BJP’s ‘donation bank’ appears much stronger than them.
Question of transparency and general public
People often ask on social media that who gives such huge amount of money to the parties and why? Although an attempt has been made to bring transparency in this report submitted to the Election Commission, it is still not easy for a common citizen to understand the complexities of ‘political funding’.
Overall, this new report of BJP shows that in today’s era, it is a big challenge for any other party to compete with it in terms of management and resource mobilization. Only time will tell whose move will prevail on the electoral chessboard, but at present the saffron party is at the forefront in the race for funds.
North India Statesman