There has been a massive increase in the corporate donation to the Bharatiya Janata Party since UPA-1. The growth of corporate donations to political parties from the UPA-1 government under Manmohan Singh to the current NDA government led by Narendra Modi has shockingly risen to 613 per cent.
In the five year period under UPA-1 total donations from corporates was Rs 170 crore. It rose over Rs 500 crore under UPA-2 and in just the first 3 years of the current Modi government, total donations have crossed Rs 1,200 crore. This surge in political funding over the last few years is at odds with growth in profits of corporate India.
During the first UPA government in 2004, the Congress and BJP were almost getting the same amount of donations with both parties getting around Rs 80 crore. During UPA-2, there was a clear shift towards the BJP with the party getting over Rs 300 crore. But, in the first 3 years of the Modi government, BJP has raced ahead netting over Rs 990 crore from corporate donations whereas Congress is way behind at just over Rs 170 crore.
SIASAT NEWS.