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BSP had total funds of ₹738 crore in 2018-19, says Election Commission report

Bahujan Samaj Party supremo Mayawati addresses party workers at the party headquarters in Lucknow on August 28, 2019.   | Photo Credit: PTI

The Bahujan Samaj Party (BSP) had total funds of ₹738 crore in 2018-2019, an increase of about ₹22 crore from the previous financial year, with its income increasing by ₹18 crore, according to the annual accounts submitted by the party to the Election Commission.

The BSP’s report, published by the EC on Wednesday, showed that the party’s income increased to ₹69.79 crore from ₹51.69 crore, with the income from “fees and subscriptions” going up by over three times from ₹8.73 crore to ₹30.92 crore. The party added ₹98.24 lakh in “murals and statues” to its immovable assets in the financial year, the accounts report showed.

Election expenditure

In 2018-2019, an election year, the BSP’s election expenditure went up from ₹1.46 crore to ₹33.11 crore, according to the report. Of the total expenditure on elections, the party spent ₹16.13 lakh on printed materials, ₹18.75 lakh on “making and distributing audio CDs” and ₹3.76 crore on banners and flags. The party spent ₹28 crore on “aircraft/helicopters,” ₹83.25 lakh on public meetings and ₹14.15 lakh on boarding/lodging. The 2019 Lok Sabha election expenditure was ₹14.26 crore, according to the report.

The BSP also declared “loans and advances” from Aerotech Aviation India Pvt. Ltd., a helicopter service, of ₹30 crore and Taj Mahal Hotel of ₹22,992, among others. At the end of the year, the party had a ₹2.09 crore surplus that was carried over to the general fund, the report showed.

Reduction in income

The Communist Party of India (Marxist)’s annual account reportshowed the party had a “general fund” of ₹497 crore in 2018-2019, while its income reduced slightly from ₹104.84 crore in 2017-2018 to ₹100.96 crore in 2018-2019. The CPI(M)’s income from fees and subscriptions reduced from ₹42.33 crore to ₹39.60 crore.

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Printable version | May 7, 2021 4:20:52 PM | https://www.thehindu.com/news/national/bsp-had-total-funds-of-738-crore-in-2018-19-says-election-commission-report/article29966345.ece

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