Congress, BJP refuse to divulge source of funds - News Summed Up

Congress, BJP refuse to divulge source of funds


BJP's income in 2014-15 was Rs 970 crore and that of Congress Rs 765 crore. In the previous financial year, all national parties together declared a total income of Rs 1,519 crores. BJP again had the highest share of Rs 674 crore while Congress collected Rs 598 crore.More than 70% of all funds collected by parties are from unknown sources — in income tax parlance this is called black money. Congress was detected with unaccounted money of Rs 25 crore — an income it had generated in 1994-95. It could only provide proof of income for Rs 85 crore and failed to provide any list of donors for the rest of the money.


Source: Times of India August 23, 2016 00:21 UTC



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