BJP Assets Highest Worth 4,800 Crore Of All National Parties Combined: ADR Report

BJP Assets Highest Worth 4,800 Crore Of All National Parties Combined: ADR Report

New Delhi: The Bharatiya Janata Party (BJP) has declared 69% that is ₹4,847.78 crore of the total ₹6,988.57 crore of assets declared by seven national political parties for 2019-20, according to a report released by the Association for Democratic Reforms (ADR).

Among seven national parties, BSP was ranked second at assets worth Rs 698.33 crore, followed by Congress (Rs 588.16 crore).

The report noted that total assets declared by the seven national and 44 regional parties in 2019-20 amounted to Rs 6,988.57 crore and Rs 2,129.38 crore, respectively.

Among regional parties, Samajwadi Party — at Rs 563.47 crore — held the most assets, followed by TRS (Rs 301.47 crore) and AIADMK (Rs 267.61 crore). The report said assets held by top 10 regional parties were worth Rs 2,028.715 crore, nearly 95.27% of total assets of all regional parties. The report took into account assets declared by political parties under six major heads: fixed assets, loans & advances, FDR/deposits, TDS, Investments and "other" assets.

The report noted that in 2019-20, Congress declared most total liabilities — Rs 49.55 crore, or 66.72% of total liabilities — followed by TMC at Rs 11.32 crore.

During 2019-20, the report noted, 65.48% of assets, amounting to Rs 5970.59 crore, of national parties were under FDs. Total liabilities declared by the seven national and 44 regional parties for 2019-20 amount to Rs 134.93 cr, it said.

"National and Regional Parties failed to adhere to ICAI guidelines that direct parties to declare details of the financial institutions, banks or agencies from whom loans were taken. The guidelines specify that the parties should state the 'terms of repayment of term loans' on basis of due date such as a year, 1-5 years or payable after 5 years," the report noted.


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