Telangana Donates Rs 105 Cr To Political Parties

January 10, 2019 11:12
Telangana Donates Rs 105 Cr To Political Parties

Telangana Donates Rs 105 Cr To Political Parties:- Telangana emerged as the fourth largest state to donate to the political parties across the country in the form of electoral bonds. The state donated bonds worth Rs 105.7 crores for the financial year 2017-18. The amount was donated by the people of the state to the political parties. Rs 95 crores was encashed by the political parties and Rs 10 crores were sent into the account of the Prime Minister's Relief Fund.

The highest purchase has been made from the branches of State Bank of India. A majority of donors from Telangana purchased the highest limit of bond that is worth Rs 1 crore. Maharashtra is leading the list with Rs 382.7 crores worth bonds followed by West Bengal with Rs 231 crores. Delhi is in third with Rs 147.1 crores. Most of the bonds are encashed in Delhi which are worth Rs 820 crores. Rs 95 crores worth bonds are encashed in Hyderabad. Most of the bonds were donated to the national political parties informed a political analyst.

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