Political News

Political Donations: YCP First, Janasena Last

In the realm of political donations, the YSRCP leads the pack in Andhra Pradesh, securing the highest revenue in contributions. The YSRCP, the ruling party in the state, amassed a total of Rs. 68 crores in donations. In contrast, the main opposition party, TDP, trailed behind, receiving only Rs. 11.92 crores in donations, landing in second place. Remarkably, the Janasena party found itself at the bottom of the list in terms of donations.

The Central Election Commission recently revealed these financial details, stating that all donations received by the YSRCP in the financial year 2022-23 are categorized as hidden funds. Despite the lack of transparency in revealing the donors and amounts, electoral bond rules shield these contributions from scrutiny. Notably, the Bharatiya Janata Party (BJP) and the Congress party also received substantial donations, with the BJP garnering Rs. 520 crores and the Congress party receiving Rs. 132 crores.

In specific terms, the YSRCP secured Rs. 52 crores through electoral bonds and an additional Rs. 16 crores through donations to the political party via the prudent trust. Conversely, the TDP did not receive any contributions through electoral or prudent trust bonds. Instead, the party openly collected donations from 193 contributors, including TDP sympathizers, leaders, software companies, and real estate businessmen. The TDP provided detailed information, including names and addresses of donors and the amounts donated, totaling Rs. 11.92 crores. The Andhra Pradesh Congress Party reported receiving no significant donations, while the Communist parties received Rs. 2 crores, and the Janasena party recorded the lowest amount, with donations totaling Rs. 30 lakhs.

This post was last modified on 24 November 2023 11:04 am

Share
Show comments
Published by

Recent Posts

Meet the Country With the Highest Internet Users in the World!

Indians are the biggest mobile data users in the world, with people using an average…

37 minutes ago

AP Govt In Top Gear With Google, Cognizant & TCS

The AP government is moving fast to turn Vizag into a major global centre for…

1 hour ago

SPB Statue At Ravindra Bharathi: Why Are People Protesting?

SP Balasubrahmanyam is one of the greatest singers the Indian film industry has ever seen.…

8 hours ago

Telangana Youth Who Stayed Barefoot Till Pawan Won Finally Meets Him

Chatta Satish of Kondagattu village in Jagital district, Telangana, announced that he would not wear…

10 hours ago

MSP: Chiranjeevi Gives A Warm Send-off To Venkatesh

For the first time in Telugu cinema, Megastar Chiranjeevi and Victory Venkatesh are coming together…

11 hours ago

Why Rupee Hits Record Low at 90 per USD for the First Time

The Indian Rupee has slipped to a historic low as it crossed the 90 mark…

11 hours ago