TCS Donates RS.220 Crores To An Electoral Trust
Category: General news
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Indian multinational technology and the largest IT service firm, Tata Consultancy Services (TCS), unveiled that it gave Rs 220 crore to an electoral trust from the beginning of the year, ie., from January to March of 2019. But, it is pretty obscure on which political party/parties have benefitted from the money.

Rs 220 crores marks as one of the biggest donations the IT company has ever made. Tata group had earlier donated to the Progressive Electoral Trust in 2013, a trust which was set up by it. In fact, Tata has set up many electoral trusts between 2013 and 2016 and that Congress has been a supporter followed by Biju Janata Dal.

Tata has mentioned in its annual filings about the Progressive Electoral Trust this year and it says there has been no contribution to any political party during the year 2017-18 and it actually had a deficit of Rs 54,844.

An electoral trust, being the connection between political parties and people who want to donate to them, the biggest ET in the country is Prudent Electoral Trust and this trust's biggest contributors are Bharti Group and DLF, earning more than Rs 160 crore.

Moreover, in 2017-18, the BJP received Rs 144 crore of the Rs 169 crore it earned from Prudent Electoral Trust. On April 12, when the Supreme Court ordered all the political parties contesting in the elections to disclose every donation which was made to them through electoral bonds till May 15, the news has been out.

 

SOURCE : GULTE

14 Apr, 2019 0 103
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