After getting defeat in the assembly election and Lok Sabha polls, the Samajwadi Party is declared the richest regional political party in India. According to this News Updates of the Association for Democratic Reforms (ADR) released on 07/10/2019. The Samajwadi Party is declared assets more than Rs.571 crore in 2016-17, which increased by 2.13% to more than Rs 583 crore in 2017-18. The Association for Democratic Reforms (ADR) analyzes the total assets and liabilities of 41 regional parties in 2017-18, India’s Richest Regional Political Party!.
The total assets of all regional political parties worth Rs. 1,267 crore in 2016-17 and Rs 1320 crore in 2017-18. And after this report, Samajwadi Party found the highest capital of Rs. 583 (Approx) crore. and AIADMK ranked second with Rs 189.41 crore and the third one is DMK with Rs. 183.59 crore.
This report came at a time when the leaders of Samajwadi party was wracked by infighting and moving from one party to another.
Let’s come to another regional political party’s statistics and see India’s Richest Regional Political Party!.
JDU handed by Nitish Kumar registered a rise in assets form Rs. 3.46 crore to Rs 13.78 crore.
And JDS declared an increase in assets from Rs. 7.61 crore to Rs 13.78 crore.
Shiv Sena is the only regional party from others that decrease it’s assets by 1.2% from Rs 52.56 crore to Rs 51.92 crore between the financial year 2016-17 and 2017-18. the ADR report said.
The total liabilities of 39 regional parties are declared the increase form Rs 40.33 crore to Rs 61.61 crore in the financial year 2017-18.
The highest liabilities were declared by Telugu Desam Party (TDP) amounting to Rs 22.71 crore, a rise of 190% from the last financial year of India’s Richest Regional Political Party!.
In the report, the DMK declared the highest liabilities of Rs 8.05 crore in the financial year 2016-17, India’s Richest Regional Political Party!
By the report of ADR AAP (Aam Admi Party), held by Arvind Kejriwal is the only party among the top 10 to show a decrease in liabilities by 21.31%, from 1.22 crore to Rs 0.96 crore between the financial year of 2016-17 and 2017-18.
Some political parties like the Lok Janshakti Party, the Hill State People’s Democratic Party (Meghalaya), the Zoram Nationalist Party(ZNP) Mizoram, the Peoples Party of Arunachal, Krantikari Morcha of Sikkim, the Mizoram People’s Conference, and the Mizo National Front (MNF) have shown zero liability.
India’s Richest Regional Political Party! some political parties are failed to follow the guidelines of ICAI ( Institute of Chartered Accountants). The guidelines of ICAI indicate that the political parties should state the ‘terms of repayment of term loans’ based on the due date such as a year, 1 to 5 years or payable after 5 years,” the ADR report said.