Over 96 pc of TMC's income came from electoral bonds in 2021-22: Audit report
1 min read 07 Jan 2023, 12:05 PM ISTMamata Banerjee led Trinamool Congress claimed in its annual audit report that 96 % of its annual income came from electoral bonds in 2021-22
PremiumOver 96 per cent of income of the Trinamool Congress in 2021-22 came from electoral bonds, according to the party's annual audit report, which also showed that its income from these bonds rose from ₹42 crore in 2020-21 to ₹528.14 crore in 2021-22.
An electoral bond is a financial tool for enabling donations to political parties.
The report, which was released on Friday, stated that out of a total income of ₹545.74 crore of the Trinamool Congress (TMC) in 2021-22, as much as ₹528.14 crore came from electoral bonds. It also said that ₹14.36 crore came from fees/subscriptions/collections from primary party members.
The TMC showed ₹42 crore income from electoral bonds in 2020-21, according to the report. The party's expenditure also rose after it won the assembly elections in West Bengal in 2021.
The TMC's expenditure was ₹132.52 crore in 2020-2021 which increased to ₹268.33 crore in 2021-2022. The report was submitted to the Election Commission.
This story has been published from a wire agency feed without modifications to the text.
