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News BJP Is India's Richest Party With Rs 894 cr, Congress Stands Second...

BJP Is India’s Richest Party With Rs 894 cr, Congress Stands Second With Rs 759 cr

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According to a report released by the Association of Democratic Reforms (ADR), BJP is the richest political party in India, having declared assets worth nearly Rs 894 crore. Congress is a close second on the list, with assets worth nearly Rs 759 crore.

Declaration of assets and liabilities by national parties from 2004-05 to 2015-16

BJP Is India's Richest Party With Rs 894 cr, Congress Stands Second With Rs 759 cr
Source: Hindustan Times

According to the ADR and Election Watch, the report was based on the declaration of assets and liabilities by national parties from 2004-05 to 2015-16. Assets include things such as immovable and movable properties, deposits, loan, cash, vehicles, investments, and liability comprise factors such as access to overdraft facilities, borrowing from banks and unsecured loans.

ADR national coordinator Anil Verma said: “While details are specific under fixed assets, loans and advances, FDR/deposits, TDS and investments, details are not available about assets under the heading ‘other assets’. The increase in assets of the seven national parties from 2004-05 to 2015-16 has had the highest rise in ‘other assets’ among all asset heads — from Rs. 108.655 crore to Rs. 1605.114 crore,”

BJP Is India's Richest Party With Rs 894 cr, Congress Stands Second With Rs 759 cr

Verma further added:

“BJP has the highest capital at present after declaring Rs. 868.889 crore, followed by Rs. 557.38 crores of BSP and Rs. 432.64 crore of CPI(M).”

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