Over 96% of TMC’s income came from electoral bonds in 2021-22: audit report
The Hindu
The party's expenditure also rose after it won the Assembly elections in West Bengal in 2021
Over 96% of income of the Trinamool Congress in 2021-22 came from electoral bonds, according to the party's annual audit report, which also showed that its income from these bonds rose from ₹42 crore in 2020-21 to ₹528.14 crore in 2021-22.
An electoral bond is a financial tool for enabling donations to political parties.
The report, which was released on Friday, stated that out of a total income of ₹545.74 crore of the Trinamool Congress (TMC) in 2021-22, as much as ₹528.14 crore came from electoral bonds.
Explained | The electoral bonds scheme and the challenges to it in Supreme Court
It also said that ₹14.36 crore came from fees/subscriptions/collections from primary party members.
The TMC showed ₹42 crore income from electoral bonds in 2020-21, according to the report.
The party's expenditure also rose after it won the Assembly elections in West Bengal in 2021.
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