New Delhi, March 9: Akhilesh yadav-led Samajwadi Party is the richest regional party across the country, followed by Dravida Munnetra Kazhagam (DMK) in terms of assets, said the report by a Delhi based think-tank, Association of Democratic Reforms (ADR).
“During the financial year 2011-12, the declared assets of SP was Rs 212.86 crore which increased by 198% to Rs 634.96 crore during the financial year 2015-16. The total assets of AIADMK between the financial year 2011-12 & 2015-16 increased by 155%, from Rs 88.21 crore to Rs 224.87 crore,” said the report by a Delhi based think-tank, Association of Democratic Reforms (ADR).
“It is to be noted that the only asset category to show a reduction in value was ‘Loans and Advance’. During the financial year 2011-11, parties invested Rs 19.75 crore whose current value stands at Rs 16.20 crore,” added the report.
The regional parties declared their assets under six major heads – fixed assets, loans & advances, deposits, TDS, investments and other assets.
New political parties to join the list were YSR Congress and Aam Aadmi Party. The parties were registered in registered in 2011 and 2012 respectively.
“The average assets declared by these two parties during the financial year 2012-13 was Rs 1.165 crore which increased to Rs 3.765 crore during the financial year 2015-16,” the report said. In terms of liabilities, Telangana Rashtra Samiti (TRS) and Telegu Desam Party (TDP) happened to be the top two regional parties.
“Highest liabilities during the financial year 2015-16 was declared by TRS (Rs 15.97 crore) but the party had declared nil liabilities during the financial year 2011-12. Second highest liabilities was declared by TDP with Rs 8.186 crore,” stated the report.