The Trinamool Congress has emerged as the second richest party after the Bharatiya Janata Party (BJP) in terms of income in the financial year 2021-22. This information has been revealed in a report. According to a report prepared by the Association of Democratic Reforms (ADR) on the income of various political parties during the financial year under review, the BJP remained the top earner with Rs 1,917 crore.
BJP’s income from electoral bonds
According to the report, Trinamool Congress ie TMC is in second place with Rs 545.75 crore in this count. The Congress has moved to the third position with Rs 541.27 crore. However, in terms of percentage of income from electoral bonds to total income, the Trinamool Congress has come out on top, leaving behind the BJP in second place.
Trinamool Congress’s place in income
According to the ADR report, about 97 (96.77) percent of Trinamool Congress’s income during 2021-22 came from electoral bonds. In the case of the BJP, electoral bonds contribute only 54 per cent of its total income during the financial year under review. In terms of expenditure, while the Trinamool Congress spent 49.17 per cent of its total income during the financial year under review, the figure for the BJP stood at 44.57 per cent during the same period. During the financial year under review, the Congress spent about 74 (73.98) per cent of its expenditure.
Significantly, the electoral bond system was started by the then Union Finance Minister Arun Jaitley. All the opposition parties then demanded more transparency in the system, so that anyone can get information about the income from this source under the Right to Information (RTI) Act.
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