Hyderabad: The ruling Telangana Rashtra Samithi (TRS) received a donation of Rs 89.55 crore for 2019-2020. A comparison with the previous year’s report found that contributions nosedived at Rs 182 crore, which included election obligations at Rs 89.55 crore.
According to the annual report submitted by TRS to the Election Commission of India, the party received Rs 39.92 lakh through leadership donations (over Rs 20,000) and Rs 89.15 crore through election bonds, against Rs 182 received in 2018-19. It is relevant to note that the details of the donor details remain confidential.
NewsMeter got the 2019-2020 contribution report and found that 41 people / companies donated Rs 39.92 lakhs. The chairman of the TRS party and Minister of Informatics and Urban Development, K. T Rama Rao, is the largest donor who has contributed Rs 2.5 lakh. Unlike in previous years, few parliamentarians or deputies were on the donor list. In addition, the party has delayed the submission of the report. It has passed the deadline of September 2020.
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy, leader of Congress Party Yuvajana Sramika Rythu, received a donation of Rs 8.92 crore for 2019-2020.
Contributions have increased from Rs 181 Crore to Rs 8. 92 Crore in 2020. However, it is relevant to mention that 2019 was an election year which could also be a reason for the high donation flow. For 2020, a total of 47 donors, including businesses and individuals, have contributed. It is interesting to note that many of the major donors are from Tamil Nadu and Hyderabad.
Hyderabad couple Arimenda Vijaya Sarada Reddy and Arimenda Varaprasad Reddy contributed Rs 1.2 Crore. The developers of JSR Infra, headquartered in Vellore, donated Rs 2.5 crore, the highest. Donors are a mix of businesses and individuals.
The report also revealed few donors from Bengaluru like in previous years. It is worth noting that the head of YSRCP, YS Jagan Mohan Reddy, owns many properties and businesses in the data center.
Hyderabad appears to be the fourth city to increase the value of election bonds.
An independent analysis conducted by the Association for Democratic Reforms (ADR) found that Hyderabad would be the fourth city to raise Rs 866.37 crore in election bonds between March 2018 and January 2021.
While Mumbai tops the list with bonds worth Rs 2,020,964 Cr raised, followed by Kolkata Rs 1,527,458 Cr and New Delhi – 953.86 Cr. A total of Rs 1,164.12 bonds worth crore were raised in four cities including Mumbai, Kolkata, Delhi and Hyderabad.
What is an electoral link?
An election bond is like a promissory note purchased from SBI by Indian citizens and the incorporated company in the country. The citizen or company can then donate the bonds to any political party registered under section 29A of the Representation of Peoples Act of 1951 (43 of 1951) and obtained at least one percent of the votes in of the last general elections or assemblies. elections.
All donors can buy the electorate; bonds in the first 10 days at the start of each quarter, i.e. the first 10 days of April, July, October and January, only at specified SBI bank branches.
Political parties, which receive election vouchers, cash them through the verified account of the Election Commission of India. These coupons do not bear the donor’s name and the political party may not know the identity of the donor. These deposits are only valid for 15 days.
What are the known and unknown sources?
The Association for Democratic Reforms defines known sources as donations above and below Rs 20,000, of which donor details are available in contribution reports submitted by regional parties to the Election Commission of India.
While sources unknown are income declared in annual audit reports, but without indicating the source of income for donations below Rs. 20,000. This includes “donations through election bonds”, “coupon sales” “,” Relief fund “,” miscellaneous income “,” voluntary contributions “,” meeting / morchas contribution “.