The Election Commission of India has released the data on Electoral bonds which have been issued for donations to political parties. ECI has published the names of the entities that purchased the electoral bonds to fund political parties.
This comes after the Supreme Court ordered to stop issuing the Electoral bonds and asked SBI to send the data of Electoral Bonds. The data was shocking and you too can have a look at the data about the political party funding here.
What Is Electoral Bond?
Supreme court has ordered SBI to unveil the data about electoral bonds before stopping its issuance further. SC has asked to send the data to the Election Commission of India (ECI) where it will be publishing the data on Electoral Bonds on its website
Now SBI has released the information about the Electoral bonds to ECI from April 2019 – January 2024, where the government introduced the Electoral Bonds for funding political parties. You can check the major contributions of funding to the political parties all over India.
Popular And Unpopular Companies:
Popular industrialists and companies like Steel Tycoon Lakshmi Mittal purchased Rs35 crores worth of bonds, Airtel’s Sunil Bharati Mittal with Rs246 crores worth of bonds, Vedanta with Rs398 crores worth bonds, ITC and Mahindra were among the known who brought Electoral Bonds to fund political parties. The least-known company Future Gaming and Hotel Services bought Electoral Bonds worth Rs1,350 crores. Even Hyderabad’s Megha Engineering bought bonds worth Rs 966 crores. Another 213 donors purchased over Rs10 crore bonds.
List Of Parties With Donations
- BJP – 6,060.50 crores
- TMC – 1,609.50 crores
- CONGRESS – 1,421.90 crores
- BRS – 1,214.70 crores
- BJD – 775.50 crores
- DMK – 639 crores
- YSRCP – 337 crores
- TDP – 218.9 crores
- SHIVSENA – 159.4 crores
- RJD – 72.5 crores
- AAP – 65.5 crores
- JANATA DAL – 43.5 crores
- SIKKIM KRANTIKARI MORCHA – 367.50 crores
- NCP – 30.5 crores
- JANASENA PARTY – 21 crores
- SAMAJVADI PARTY – 14.1 crores
- JANATA DAL (UNITED) – 14 crores
- JHARKHAND MUKTA MORCHA – 13.50 crores
- SHIROMANI AKALI DAL – 7.30 crores
- AIADMK – 6.10 crores
- SIKKIM DEMOCRATIC FRONT – 5.50 crores
- RASHTRIYA JANATA DAL – 1 crore
List Of Top Electoral Bond Donors:
- Future Gaming And Hotel Services Pr – 1208 Crores
- Megha Engineering And Infrastructures Limited – 821 Crores
- Qwik Supply Chain Private Limited – 410 Crores
- Haldia Energy Limited – 377 Crores
- Vedanta Limited – 375.65 Crores
- Essel Mining And Industries Limited – 224.5 Crores
- Western Up Power Transmission Company Limited – 220 Crores
- Keventer Foodpark Infra Limited – 195 Crores
- Madanlal Limited- 185.5 Crores
- Bharti Airtel Limited –183 Crores
- Yashoda Super Speciality Hospital – 162 Crores
- Utkal Alumina International Limited – 135.3 Crores
- Dlf Commercial Developers Limited – 130 Crores
- Mkj Enterprises Limited – 128.35 Crores
- Jindal Steel And Power Limited – 123 Crores
- B G Shrike Construction Technology Private Limited – 117 Crores
- Dhariwal Infrastructure Limited – 115 Crores
- Birla Carbon India Private Limited – 105 Crores
- Chennai Green Woods Private Limited – 105 Crores
- Rungta Sons P Limited – 100 Crores
It is surprising that out of the top 30 donors of political funding, 14 were raided by probe agencies like ED and IT teams. SBI was ordered to share detailed information related to Electoral Bonds to ensure transparency and accountability towards political funding. SBI shared the details of purchases, the date of conversion of bonds into cash along with names of political parties.
Conclusion:
Supreme Court again ordered to publishing of the electoral bond numbers, which will reveal the link between donors and political parties after expressing its dissatisfaction, over not sharing the complete data on electoral bonds. A total of 22,217 bonds were purchased while 22,030 bonds were turned into cash by political parties. BJP was the biggest beneficiary from the Electoral bonds where it has received Rs6,060.5 crores.
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Disclosure of Electoral Bonds – Election Commission of India
