business π§ India's political party funding is super murky
A recent BBC investigation exposed extraordinary donations received by six Registered Unrecognised Political Parties (RUPPs). The Association for Democratic Reforms reported a 223% rise in RUPP declared income in FY2022-23. The ECI has delisted 334 RUPPs as part of its effort to clean up the electoral system. Political parties continue to enjoy income-tax exemptions despite their ambiguous legal status. Researchers note that over the last decade, the exchequer lost βΉ11,813 crore in taxes from political donations. πΈ