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With the new year’s beginning, the countdown to the Lok Sabha elections in 2024 has started. The recent report from the Association of Democratic Reforms (ADR) has revealed that the Bharatiya Janata Party (BJP) received the highest donations through electoral trusts in 2022–23.
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Megha Engineering and Infrastructure, Serum Institute of India, and ArcelorMittal Nippon Steel India emerged as the highest donors in the electoral bonds funding political parties in India in FY23, according to a report by ADR. Bhartiya Janata Party (BJP) received the highest amount of funding.
The BJP received Rs 259 crore or 70.69% of the total donations received by all political parties from electoral trusts. The BRS got Rs 90 crore or a fourth of the total donations received by all parties from all five electoral trusts. Other three political parties including YSR Congress, AAP and the Congress together got Rs 17.40 crore.
Government is considering allowing Chinese companies to dilute their stakes in Indian ventures on a case-by-case basis, potentially opening the doors for expansion in India. The decision comes amid tightened scrutiny on FDI from China since 2020, with security concerns being a top priority.