Table of Contents
How are political parties funded in India?
We shall, in this article, analyse the funding of political parties in India. There are various methods of getting a political party funded. Most popular methods of funding of political parties, however, are funding by Individual Person, Public Funding and Corporate Funding.
Who donates most of the donations to political parties?
It has been observed that most of the donations to political parties are made by companies. In the year 2013-2014, 90\% of the funds of political parties came from big corporates in the countries. Donation by corporate bodies is governed by the Companies Act, 2013. Section 182 of the Act provides that:
What is the rivalry between political parties in India?
The rivalry between political parties in India is aggressive, and it is not a matter of shock that immoral methods are adopted by certain parties to acquire funds. It includes funding through fake companies, funding through black money and other methods.
Political parties are funded by contributions from multiple sources. One of the largest sources of funding comes from party members and individual supporters through membership fees, subscriptions and small donations. This type of funding is often referred to as grassroots funding or support.
How much do politicians make in India?
Chief ministers, MLAs and MLCs
| State | CM Basic Pay per month (excluding other emoluments and allowances) |
|---|---|
| Karnataka | ₹200,000 (US$2,700) (+Salary received as MLA/MLC) |
| Sikkim | ₹190,000 (US$2,500) (+Salary received as MLA) |
| Kerala | ₹185,000 (US$2,500) (+Salary received as MLA) |
| Rajasthan | ₹175,000 (US$2,300) (+Salary received as MLA) |
How much can a company contribute to a political party?
Any company, private or public, can make a political contribution up to 7.5\% of the average net profits made during the 3 immediately preceding financial years and subject to the conditions laid down in section 182.
How to register a political party in India?
The submission includes an application for the registration addressed towards the Secretary, Election Commission of India within 30 days following the date of the formation of the party. Any application made after the said period will be time barred under the provisions of Section 29A (2) (b) of the Representation of the People Act, 1951.
What do you think about politics in India?
-American political scientist Antony Downs. A political party or anything in connection with politics is a common topic of every group of Indians who are sitting together at any place. It is always a debatable topic. Most Indians are very interested in politics.