We are growing poorer day by day, because these political parties are growing richer day by day. Awareness among us is only the remedy for this malady. The parties harping the tune of common man’s poverty and their day to day sufferings, see how much Mota Maal they themselves have. Now judge yourself that which is the wealthiest political party in India? Under the garb of well wishers of the common mass, they are minting money. Congress tops the list as per data collected by think-tanks Association for Democratic Reforms and National Election Watch. Here is the list of the wealthiest parties as per records of the last seven years, between financial years 2004-05 and 2010-11.
The Congress is the richest political party in the country. In the last seven years, between financial years 2004-05 and 2010-11, Congress' earning was recorded to be Rs 2,008 crore.
The Indian National Congress is the largest and one of the oldest democratic political parties in the world. After independence it became the nation's dominant political party, led by the Nehru-Gandhi family for the most part. The major challenges for party leadership have only recently formed. In the 2009 general elections, the Congress came out as the single largest party in the Lok Sabha, with 205 of its candidates getting elected to the 543-member house. As a result, it along with the United Progressive Alliance (UPA) was able to gain a majority and form the government.
Bahujan Samaj Party is the third wealthiest political party. BSP’s earning was noted to be Rs 484.28 crore.
BSP is a centrist national political party. It was formed to mainly represent Bahujans, referring to people from the Scheduled Castes, Scheduled Tribes and Other Backward Castes (OBC) as well as minorities. The BSP was succeeded by Mayawati in 2003. In the 15th Lok Sabha the party has 21 members, making it the fourth-largest party. The BSP has its main base in Uttar Pradesh.
Fourth on the list is Communist Party of India (Marxist). It has total earnings of Rs 417.26 crore.
Samajwadi Party takes the fifth position on the list with Rs 278.55 crore of earnings.
It is a regional political party based in Uttar Pradesh. It describes itself as a democratic socialist party and is chiefly representing the interests of ‘Other Backward Classes’ (OBCs). The party was one of several parties that emerged when the Janata Dal, India's primary opposition party prior to the BJP, fragmented into several regional parties. The Samajwadi Party is led by Mulayam Singh Yadav, a former Chief Minister of UP.
Telegu Desam Party is the seventh wealthiest political party in the country. It has earnings of Rs 53.90 crore.
TDP is a regional political party in Andhra Pradesh. It was the second largest party with 39 members, in the 8th Lok Sabha 1984.The party aimed at safeguarding the political, economic, social and cultural foundations of Telugu speaking people in the country. The party aims to ensure provision of food, shelter and clothing to the common man at affordable and sustainable prices and achieve empowerment of women, youth and all backward segments of society in Andhra Pradesh.
Shiv Sena is the ninth richest political party with earnings of Rs 32.90 crore.
The party was founded by Bal Thackeray and is currently headed by Thackeray's son, Uddhav Thackeray. Even though the party's primary base is in Maharashtra, it has tried to expand to a pan-Indian base.
Janata Dal rounds off the tenth position on the list with earnings amounting to Rs 26.68 crore. Janata Dal is a party which was formed through the merger of Janata Party factions, the Lok Dal, Congress(S), and the Jan Morcha led by V. P. Singh on 11 October 1988.
Indian National Congress:
The Congress is the richest political party in the country. In the last seven years, between financial years 2004-05 and 2010-11, Congress' earning was recorded to be Rs 2,008 crore.The Indian National Congress is the largest and one of the oldest democratic political parties in the world. After independence it became the nation's dominant political party, led by the Nehru-Gandhi family for the most part. The major challenges for party leadership have only recently formed. In the 2009 general elections, the Congress came out as the single largest party in the Lok Sabha, with 205 of its candidates getting elected to the 543-member house. As a result, it along with the United Progressive Alliance (UPA) was able to gain a majority and form the government.
Bharatiya Janata Party:
BJP is the second wealthiest party in India with earnings of Rs 994.76 crore. It is one of the two major political parties in the country. BJP is India's second largest political party in terms of representation in the parliament and in the various state assemblies. It was started by advocating Hindu nationalism and conservative social policies, self-reliance, free market capitalistic policy, foreign policy driven by a nationalist agenda, and strong national defense. The BJP headed the government along with a coalition of parties of the NDA from 1998 to 2004, and was the first non-Congress government to last the full term in office. Since then the party has been the principal opposition in the parliament.
Bahujan Samaj Party:
Bahujan Samaj Party is the third wealthiest political party. BSP’s earning was noted to be Rs 484.28 crore.BSP is a centrist national political party. It was formed to mainly represent Bahujans, referring to people from the Scheduled Castes, Scheduled Tribes and Other Backward Castes (OBC) as well as minorities. The BSP was succeeded by Mayawati in 2003. In the 15th Lok Sabha the party has 21 members, making it the fourth-largest party. The BSP has its main base in Uttar Pradesh.
Communist Party of India (Marxist):
Fourth on the list is Communist Party of India (Marxist). It has total earnings of Rs 417.26 crore.
CPM is a left-wing Marxist political party. It has a strong presence in West Bengal, Kerala, and Tripura. CPI(M) is leading the state government in Tripura as of 2011. They claimed to have 1,042,287 members in 2009. The party has always upheld the principles of Marxist philosophy.
Samajwadi Party:
Samajwadi Party takes the fifth position on the list with Rs 278.55 crore of earnings.It is a regional political party based in Uttar Pradesh. It describes itself as a democratic socialist party and is chiefly representing the interests of ‘Other Backward Classes’ (OBCs). The party was one of several parties that emerged when the Janata Dal, India's primary opposition party prior to the BJP, fragmented into several regional parties. The Samajwadi Party is led by Mulayam Singh Yadav, a former Chief Minister of UP.
AIADMK:
Anna Dravida Munnetra Kazhagam (ADMK) is the sixth richest political party in India with earnings of Rs 59.97 crore. It is a state political party in the states of Tamil Nadu and Pondicherry and it is the ruling party in Tamil Nadu. The party was founded by film actor-turned-politician M. G. Ramachandran and is now headed by J. Jayalalithaa. The party headed its coalition to win the Tamil Nadu assembly election 6 times in order to head the Tamil Nadu Legislative Assembly.
Telegu Desam Party:
Telegu Desam Party is the seventh wealthiest political party in the country. It has earnings of Rs 53.90 crore.TDP is a regional political party in Andhra Pradesh. It was the second largest party with 39 members, in the 8th Lok Sabha 1984.The party aimed at safeguarding the political, economic, social and cultural foundations of Telugu speaking people in the country. The party aims to ensure provision of food, shelter and clothing to the common man at affordable and sustainable prices and achieve empowerment of women, youth and all backward segments of society in Andhra Pradesh.
Dravida Munnetra Kazhagam:
Dravida Munnetra Kazhagam (DMK) takes the eighth position on the list with earnings of Rs 44.28 crore. It is a state political party in Tamil Nadu and Pondicherry. Since 1969 DMK is headed by M Karunanidhi, the prior Chief Minister of the state. The party holds the distinction of being the first party other than the Indian National Congress to win state-level elections with clear majority on its own in any state in the country.
Shiv Sena:
Shiv Sena is the ninth richest political party with earnings of Rs 32.90 crore.The party was founded by Bal Thackeray and is currently headed by Thackeray's son, Uddhav Thackeray. Even though the party's primary base is in Maharashtra, it has tried to expand to a pan-Indian base.
Janata Dal (United):
Janata Dal rounds off the tenth position on the list with earnings amounting to Rs 26.68 crore. Janata Dal is a party which was formed through the merger of Janata Party factions, the Lok Dal, Congress(S), and the Jan Morcha led by V. P. Singh on 11 October 1988.
Further, the think-tank said that even though donations formed a bulk of the income of the political parties, very few of them revealed the sources of donations. The political parties in the country earned more than Rs 4,500 crore from donation, voluntary contributions and other sources during the 2004-05 to 2010-11 period.
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