Hyderabad: The Association of Democratic Reforms (ADR) has released a comprehensive report on the financial status of regional political parties in India for the fiscal year 2022-2023. The Bharat Rashtra Samithi (BRS) leads the pack with an impressive income of Rs 737.67 crore, accounting for 42.38% of the total reported income among the 39 parties analysed. Following BRS are the Trinamool Congress (TMC) with Rs 333.45 crore (19.16%) and the DMK with Rs 214.35 crore (12.32%).
In terms of expenditure, TMC takes the lead with a substantial Rs 181.18 crore. The YSR Congress Party is next with Rs 79.32 crore, followed by BRS with Rs 57.47 crore, DMK with Rs 52.62 crore, and the Samajwadi Party with Rs 31.41 crore. The total income reported by the 39 parties stands at Rs 1,740.48 crore.
Despite the Election Commission's deadline of October 31, 2023, for the submission of annual audit accounts, only 16 parties met the requirement on time. Additionally, 19 parties reported non-expenditure details, with the highest unspent amount being Rs 680.20 crore.
The Biju Janata Dal (BJD) and DMK reported significant unspent figures, showing Rs 171.06 crore and Rs 161.72 crore respectively. This report highlights the financial dynamics within regional politics, reflecting both income and expenditure patterns and the need for timely financial transparency.
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