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yesterday

ADR Finds Regional Parties’ FY 2023-24 Income Jump to ₹2,532 Crore, Driven by Electoral Bonds

The report flags widespread audit-report delays on the Election Commission site as it details heavy reliance on electoral-bond funding.

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Overview

  • Total income rose 45.77% year-on-year from ₹1,736.85 crore in FY 2022-23 to ₹2,532.096 crore in FY 2023-24.
  • More than 70% of declared income (₹1,796.024 crore) came via electoral bonds, underscoring dependence on that channel.
  • The top five earners—BRS (₹685.51 crore), TMC (₹646.39 crore), BJD (₹297.81 crore), TDP (₹285.07 crore) and YSR Congress (₹191.04 crore)—accounted for 83.17% of the total.
  • SBI RTI data shows ₹4,507.56 crore in electoral bonds were redeemed in FY 2023-24, with national parties redeeming ₹2,524.14 crore and regional parties ₹1,796.02 crore, and only BJP, Congress and AAP reporting bond receipts among national parties.
  • ADR says audit reports for 20 of the 40 parties were still missing from the ECI website 313 days past the deadline, and the rest were filed late by 12–216 days, with finances showing 27 parties had surpluses and 12 overspent.