BJP is the richest party; 700 percent increase in reserve funds

According to the report released by the Association of Democratic Reforms (ADR) on Monday BJP is the richest among India’s seven national parties. BJP tops the position with having declared assets worth nearly Rs 894 crore in 2015-16 while Congress stood at second place with Rs 759 crore in the same period.

The report was based on the declaration of assets and liabilities by national parties from 2004-05 to 2015-16.

The BJP scored the highest with Rs 869 crore in 2015-16. This was followed by Rs 557 crore of the Bahujan Samaj Party (BSP) and Rs 432 crore of the Communist Party of India (Marxist).

The reserve fund of the BJP increased by 700% through the 11-year period, as opposed to 169% of the Congress. The highest percentage increase in this respect was seen by the Trinamool Congress (13,447%) and the BSP (1,194%), the report said.