Telangana’s BRS Assets Soar to Rs. 1,250 Crores, Sees 66% Growth in FY2021-22..!
Hyderabad, September 15: The recently rebranded Bharat Rashtra Samithi (BRS), formerly Telangana Rashtra Samithi (TRS), has witnessed a remarkable surge in its assets, now totaling Rs. 1,250 crores, marking a substantial 66% growth in the fiscal year 2021-22. This surge in assets comes alongside a significant increase in income, surpassing five times the previous year’s figures.
The party, led by Telangana Chief Minister K. Chandrasekhar Rao, reported a revenue boost from Rs. 37.65 crore to Rs. 218.11 crores in the same period. The financial report indicates a noteworthy contribution of Rs. 153 crores directly to the BRS, with an additional Rs. 40 crore received from an Electoral Trust. In contrast, the previous fiscal year saw no income under these categories.
The annual fees/subscriptions from members also reflected a decline, dropping from Rs. 16.70 crore to Rs. 7.54 crores. The party reported no donations and subscriptions this year, in contrast to the Rs. 3.15 crore received from companies in 2020-21. Expenditure for the party increased to Rs. 7.68 crores from Rs. 4.79 crores.
The bank statement reveals a party balance in scheduled banks, showing Rs. 451 crores in 2021-22 compared to Rs. 256 crores in the previous year. Chief Minister KCR, during the TRS plenary meeting in April, announced the party’s formidable financial standing, stating assets of Rs. 1,000 crores, emphasizing their readiness to enter national politics.
Post the transformation into a national party, the BRS’s assets have seen an exponential increase of Rs. 250 crores in just one year, reaching a staggering Rs. 1,250 crores. This substantial financial growth has been attributed to effective utilization for party management, construction of district party offices, promotion, and infrastructure development.
The Association for Democratic Reforms (ADR) has reported that the combined assets of recognized national political parties in the country for 2021-22 amount to Rs. 8,829.16 crores, with the BRS standing out with its significant surge.
In parallel, the Central Election Commission has issued notices to all political parties, including the BRS, requesting details of election bonds received. The notices, issued in compliance with Supreme Court orders, require parties to submit these details in a sealed cover by 5 pm on Wednesday.
Additionally, the ADR revealed income details for eight prominent national parties, disclosing a total income of Rs. 3,289.34 crores in 2021-22, with approximately 55% of funds sourced from election bonds. Electoral bonds, introduced in 2018 by the ruling BJP government, serve as a means for individuals and companies to contribute to political parties of their choice, promoting transparency and digital transactions.
The BRS’s financial growth and its assets surpassing Rs. 1,250 crores signify a robust financial position, raising questions and drawing attention to the evolving political and financial landscape in Telangana.
