The declared assets of 8 national parties of the country increased by Rs 1531 crore in one year. In 2020-21, the assets of these parties were Rs 7,297.62 crore.
During 2021-22, his wealth increased to Rs 8,829.16 crore.
This information has come to light in the report of The Association for Democratic Reforms (ADR).
These parties are- BJP, Congress, National Congress Party (NCP), Bahujan Samaj Party (BSP), Communist Party of India (CPI), Communist Party of India, Maoist CPI(M), Trinamool Congress and National People’s Party (NPEP).
During 2020-21, national parties had a debt of Rs 103.55 crore. Of these, Congress had a debt of Rs 71 crore, BJP Rs 16 crore, CPI(M) Rs 16 crore, TMC Rs 3.8 crore and NCP Rs 0.73 crore.
The debt of these five parties reduced during 2021-22. During this period, Congress had a debt of Rs 41.9 crore, BJP Rs 5 crore, CPI(M) Rs 12 crore, TMC Rs 2.5 crore and NCP Rs 0.72 crore.
Reserve fund of national parties increased by Rs 1572 crore in one year. The reserve fund of these parties was Rs 7194 crore in 2020-21, which increased to Rs 8766 crore in 2021-22.
ADR said that all the national parties failed to follow the guidelines of the Institute of Chartered Accountants of India.
According to these guidelines, the parties have to inform from which bank, financial institution or agency they have taken the loan.
Association for Democratic Reforms (ADR) has stated in its report that out of 225 members of Rajya Sabha, 27 i.e. (12%) are billionaires.
The highest number of billionaire MPs are members of BJP.
BJP has 85 members out of 225, out of which 6 i.e. 7% MPs are billionaires. Out of 30 members of Congress, 4 i.e. 13% are billionaires.
The total assets of 4,001 sitting MLAs of the country are Rs 54,545 crore. This is more than the total annual budget for 2023-24 of the three North East states – Nagaland, Mizoram and Sikkim – by Rs 49,103 crore.
Association for Democratic Reforms (ADR) and National Election Watch (NEW) gave this information in their report on Tuesday