In the financial year 2020-21, the BJP declared assets of Rs 4,990 crore, an increase of 21.17 percent to Rs 6,046.81 crore in 2021-22. According to ADR, Congress’s declared assets were Rs 691.11 crore in 2020-21, which has increased by 16.58 per cent to Rs 805.68 crore in 2021-22. The report said the BSP was the only national party to show a decline in its annual declared assets. Between the years 2020-21 and 2021-22, the total assets of BSP decreased by 5.74 percent to Rs 690.71 crore from Rs 732.79 crore.
The ADR said that the Trinamool Congress’s total assets in 2020-21 were Rs 182.001 crore, an increase of 151.70 percent to Rs 458.10 crore.
The biggest responsibility lies with the Congress
The total liabilities for the financial year 2020-21 declared by the national parties are Rs. 103.55 crores. ADR said that Congress has spent Rs. 71.58 crore in liabilities, which is the highest. After this the CPI(M) declared liabilities of 16.109 crores. For the financial year 2021-22, the Congress again allocated Rs. 41.95 crore with liabilities, followed by CPI(M) and BJP with Rs. 12.21 crore and Rs. 5.17 crores liabilities were disclosed.
5 parties announced reduced liability
Between 2020-21 and 2021-22, five parties announced reductions in obligations. Congress in its liabilities Rs. 29.63 crore, BJP Rs. 6.03 crore, CPI(M) Rs. 3.89 crore, Trinamool Rs. 1.30 crore and NCP Rs. A reduction of 1 lakh has been announced. The ADR said the total capital/reserve fund set aside by national parties after adjusting for liabilities during the financial year 2020-21 was Rs. 7,194 crore and for the financial year 2021-22 Rs. 8,766 crores.
BJP is the richest party
According to the ADR report, the BJP has declared the highest capital for the financial year 2021-22 with Rs 6,041.64 crore. After this Congress and CPI(M) respectively Rs. 763.73 crore and Rs. 723.56 crore capital was announced. In the financial year 2021-22, the NPP announced a fund of Rs 1.82 crore, which is the lowest. After this CPI announced that it has Rs 15.67 crore in its treasury.
Failure to follow ICAI guidelines
The ADR said the national parties failed to comply with the Institute of Chartered Accountants of India (ICAI) guidelines, which direct parties to disclose details of financial institutions, banks or agencies from which loans were taken. The guidelines state that parties should specify ‘term loan repayment terms’ based on the due date of one year, one to five years or five years. The reform body also said that details of loans in cash or of any kind should be specified by the parties and if it is more than 10 percent of the total loan, the nature and amount of such loan should be specifically disclosed. No national party has disclosed these details.
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