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Politics
15 Apr 2019

BSP's bank balance is Rs. 670cr, highest among all parties

BSP has highest bank balance among all parties

At Rs. 670 crore, Mayawati's Bahujan Samaj Party (BSP) has the highest bank balance among all parties, TOI reports.

The amount has been deposited in eight bank accounts of public sector banks in NCR, the report added.

BSP's rival-turned-ally took the second spot in the chart with a bank balance of Rs. 471 crore. Congress came third with Rs. 196 crore.

Here's more.

In context

BSP has highest bank balance among all parties
BSP also has Rs. 95.94 lakh cash in hand

Money

BSP also has Rs. 95.94 lakh cash in hand

The data was revealed in an expenditure report which BSP submitted to Election Commission on February 25.

BSP, which failed to win even one seat in Uttar Pradesh in 2014 parliamentary polls, added that it had Rs. 95.54 lakh cash in hand.

Notably, SP's bank balance dipped after recent assembly polls of some states- namely Telangana, Madhya Pradesh, Chhattisgarh, and Mizoram.

Parties

Interestingly, TDP trumped BJP in this race

With Rs. 196 crore, Congress took the third spot. Further, Congress submitted its details to EC on November 2, 2018, and the party hasn't updated it after winning three assembly elections in Hindi heartland.

The fourth spot was taken by Telugu Desam Party (TDP) which has a bank balance of Rs. 107 crore.

Interestingly, BJP is poorer than TDP with a balance of Rs. 83 crore.

CPM and AAP have Rs. 3 crore each as their bank balance.

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Why is BJP "lagging behind"? Here's a possible explanation

Question

Why is BJP "lagging behind"? Here's a possible explanation

The BJP's position in the chart begs the question: If the party is leading in contributions, including those which come through contentious electoral bonds, how is it poorer than others?

Apparently, BJP, which is the biggest receiver of funds, is also the biggest spender.

BJP has spent Rs. 758 crore out of Rs. 1,027 crore it received during 2017-18, the party claimed.

Donations

Parties earn the maximum through donations

According to the NGO Association for Democratic Reforms, BJP raised the maximum funds among all parties. It collected Rs. 1,034 crore in 2016-17 and Rs. 1,027 crore in 2017-18.

Between 2016 and 2017, Congress' income was shown as Rs. 225 crore. The details of income in the subsequent financial year hasn't been revealed.

About 87% of the income, come through voluntary contributions.

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Most asked questions

How rich is BSP?

What is SP's bank balance?

What is the bank balance of Congress and BJP?

Why is BJP poorer than TDP?

More questions

How rich is BSP?

Asked 2019-04-15 17:05:41 by Rakesh Pawar

Answered by NewsBytes

BSP has the highest bank balance among all parties at Rs. 670 crore. The party also has Rs. 95.54 lakh cash-in-hand.

What is SP's bank balance?

Asked 2019-04-15 17:05:41 by Trisha Singhal

Answered by NewsBytes

According to reports, SC's bank balance is Rs. 471 crore.

What is the bank balance of Congress and BJP?

Asked 2019-04-15 17:05:41 by Aadhya Khan

Answered by NewsBytes

Congress has a bank balance of Rs. 196 crore and BJP's is Rs. 83 crore.

Why is BJP poorer than TDP?

Asked 2019-04-15 17:05:41 by Trishla Kadam

Answered by NewsBytes

BJP is poorer than TDP because the party is the largest spender. It has spent the biggest chunk of its funds.

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