Dravida Munnetra Kazhagam (DMK) is the richest regional party in the country, followed by the AIADMK, as per a study was conducted by the NGO Association for Democratic Reforms (ADR). The study was based on the income and expenditure details (2015-16) furnished by 32 regional parties to the Election Commission.
“DMK has the highest income of Rs 77.63 crore amongst all regional parties, followed by AIADMK with Rs 54.938 crore. The Telugu Desam Party (TDP) was third with Rs 15.978 crore,” the report released on Friday stated. The DMK’s income accounted for 35.05 per cent of the total income disclosed by 32 regional parties considered for the report, though it was out of power. The report noted that the total income of 32 regional parties during 2015-16 was Rs 221.48 crore, of which Rs 110 crore remained unspent.
“14 out of 32 regional parties have reported incurring expenditure more than their total income. Out of these, three parties, the Jharkhand Vikas Morcha (Prajatantrik) (JVM-P), the Janata Dal-United (JD-U) and the Rashtriya Lok Dal (RLD) have spent close to 200 per cent of their total income in 2015-16,” stated the report.
“Three other parties-the DMK, the AIADMK and the All India Majlis-e-Ittehadul Muslimeen (AIMIM)–have more than 80 per cent of their income remaining unspent,” added the report.
The ADR report also did a detailed study of unknown sources of income as declared by the parties in their IT Returns.
Of the 32 regional parties, only 18 of them had submitted the details of their Income Tax returns as well as donation statements. Parties with the highest number of unknown sources of income are the Telangana Rashtra Samithi, the Telugu Desam Party and the Shiromani Akali Dal, the report said.