---------- Forwarded message ----------
From: news from the cpi(m) <marxistindia@cpim.org>
Date: Sat, Aug 11, 2012 at 3:17 PM
Subject: [Marxistindia] On Party Income
To: marxistindia <marxistindia@cpim.org>
marxistindia
news from the cpi(m)
August 11, 2012
Press Release
The Communist Party of India (Marxist) wishes to clarify the nature and details of its income in the background of the mischievous report that appeared in The Times of India on August 10, 2012 that the CPI(M) is one of the biggest beneficiaries of corporate donations and that it keeps the identities of its donors a secret.
The Communist Party of India (Marxist) has been submitting its audited statement of accounts regularly every year before the Income Tax Department and Election Commission. It has also been submitting the names of all donors who donated more than Rs. 20,000 as per the provisions of the Income Tax Act and People's Representation Act. A consolidated statement of income of the Party for the years from 2005 to 2011 submitted before the Income Tax Department and Election Commission is given here below. This includes the income of the Central Committee and all the state units.
(Amounts in Rupees)
Income
2005
2006
2007
2008
2009
2010
2011
Total
Levy paid by Party members
127720740
167701194
160404680
301416982
252214511
271224625
387272611
1667955343
Voluntary contribution
128931429
178976403
249015606
203414928
250710410
404198336
241417472
1656664584
Interest
21453497
19215801
28290181
26419659
57409516
39021468
42216359
234026481
Miscellaneous income
3674689
16627005
18660359
12704012
16504690
12319914
7067477
87558146
Election fund
115416591
31286222
165044452
42764928
43474816
85491751
483478760
Membership fees paid by Party members
1582830
2177514
12602861
1907628
3142128
2003320
2234832
25651113
Publication
8114494
4779619
3915165
16809278
Increase in stock (Publication)
252485
107914
132713
493112
Total
398779776
415984139
634018139
596995116
628343604
732815541
765700502
4172636817
Total income of the Party from 2005 to 2011
(seven years) : Rs. 417,26,36,817
Levy income from Party members : Rs. 166,79,55,343 (39.97%)
Membership fees : Rs. 2,56,51,113 (0.64%)
Voluntary contribution (donations) : Rs. 165,66,64,584 (39.7%)
Election fund : Rs. 48,34,78,760 (11.59%)
Miscellaneous income : Rs. 8,75,58,146 (2.1%)
Interest on deposits : Rs. 23,40,26,481 (5.61%)
Publication : Rs. 1,68,09,278 (0.4%)
Increase in stock (Publication) : Rs. 4,93,112 (0.01%)
Total amount of income from
Donations above Rs. 20,000 : Rs. 3,35,96,941 (0.81%)
Total amount of income from
Donations from companies and societies : Rs. 1,45,31,914 (0.35%)
As per the provisions of Constitution of the CPI(M), every member of the Party has to pay a portion of their income as levy as prescribed by the Central Committee and has to pay Rs. 2 every year as membership fee to the Party. The income statement of the Party shows that 39.97 per cent of the total income of the Party is levy collection and 0.64 per cent of the income is membership fees from the members of the Party. The income from MPs and former MPs to the Party Central Committee in the year 2011 is Rs. 1,36,58,156.
Out of the total income of Rs. 417,26,36,817 of the Party for a period of seven years, donations above Rs. 20,000 from all sources, including individuals, companies, societies etc is only Rs. 3,35,96,941. All donations from companies and societies is Rs. 1,45,31,914 and its percentage to the total income is only 0.35. This is what The Times of India report maliciously states as "CPI(M) coffers bulge with capitalist cash".
The CPI(M) does not accept donations from corporates. However, there have been contributions from some companies in Andhra Pradesh. These donations, when it came to the notice of the Polit Bureau last year, was discussed and it was decided not to accept donations from companies, however small.
The Times of India report alleges that the Party is keeping its donors' identity a secret. As per the provisions of law, the Party is legally bound to disclose the names of all donors who donated above Rs. 20,000. As stated above, the Party has submitted before the Income Tax Department and Election Commission the names and other details of all donors who donated amounts above Rs. 20,000. The Party has not concealed the name of any donor, either company or individual who donated more than Rs. 20,000 to the Party. But majority of the donors of the Communist Party of India (Marxist) are from the poorer sections of the people and who donate only small amounts and far below Rs. 20,000. Most of the fund of the Party is collected at ward, village, taluk and district levels. The Party committees at these levels keep the records of receipts and send the names of the donors whose donations are above Rs. 20,000 to the Party Central Committee. The Party has nothing to hide about the details of its income or about the list of donors. The Central Committee of the Communist Party of India (Marxist) has decided to publish the details of its income, the list of donors who donated above Rs. 20,000 including the names of individuals, companies, societies etc. and other details in its website.
eom
_______________________________________________
Marxistindia mailing list
Marxistindia@cpim.org
http://cpim.org/mailman/listinfo/marxistindia_cpim.org
http://www.cpim.org
From: news from the cpi(m) <marxistindia@cpim.org>
Date: Sat, Aug 11, 2012 at 3:17 PM
Subject: [Marxistindia] On Party Income
To: marxistindia <marxistindia@cpim.org>
marxistindia
news from the cpi(m)
August 11, 2012
Press Release
The Communist Party of India (Marxist) wishes to clarify the nature and details of its income in the background of the mischievous report that appeared in The Times of India on August 10, 2012 that the CPI(M) is one of the biggest beneficiaries of corporate donations and that it keeps the identities of its donors a secret.
The Communist Party of India (Marxist) has been submitting its audited statement of accounts regularly every year before the Income Tax Department and Election Commission. It has also been submitting the names of all donors who donated more than Rs. 20,000 as per the provisions of the Income Tax Act and People's Representation Act. A consolidated statement of income of the Party for the years from 2005 to 2011 submitted before the Income Tax Department and Election Commission is given here below. This includes the income of the Central Committee and all the state units.
(Amounts in Rupees)
Income
2005
2006
2007
2008
2009
2010
2011
Total
Levy paid by Party members
127720740
167701194
160404680
301416982
252214511
271224625
387272611
1667955343
Voluntary contribution
128931429
178976403
249015606
203414928
250710410
404198336
241417472
1656664584
Interest
21453497
19215801
28290181
26419659
57409516
39021468
42216359
234026481
Miscellaneous income
3674689
16627005
18660359
12704012
16504690
12319914
7067477
87558146
Election fund
115416591
31286222
165044452
42764928
43474816
85491751
483478760
Membership fees paid by Party members
1582830
2177514
12602861
1907628
3142128
2003320
2234832
25651113
Publication
8114494
4779619
3915165
16809278
Increase in stock (Publication)
252485
107914
132713
493112
Total
398779776
415984139
634018139
596995116
628343604
732815541
765700502
4172636817
Total income of the Party from 2005 to 2011
(seven years) : Rs. 417,26,36,817
Levy income from Party members : Rs. 166,79,55,343 (39.97%)
Membership fees : Rs. 2,56,51,113 (0.64%)
Voluntary contribution (donations) : Rs. 165,66,64,584 (39.7%)
Election fund : Rs. 48,34,78,760 (11.59%)
Miscellaneous income : Rs. 8,75,58,146 (2.1%)
Interest on deposits : Rs. 23,40,26,481 (5.61%)
Publication : Rs. 1,68,09,278 (0.4%)
Increase in stock (Publication) : Rs. 4,93,112 (0.01%)
Total amount of income from
Donations above Rs. 20,000 : Rs. 3,35,96,941 (0.81%)
Total amount of income from
Donations from companies and societies : Rs. 1,45,31,914 (0.35%)
As per the provisions of Constitution of the CPI(M), every member of the Party has to pay a portion of their income as levy as prescribed by the Central Committee and has to pay Rs. 2 every year as membership fee to the Party. The income statement of the Party shows that 39.97 per cent of the total income of the Party is levy collection and 0.64 per cent of the income is membership fees from the members of the Party. The income from MPs and former MPs to the Party Central Committee in the year 2011 is Rs. 1,36,58,156.
Out of the total income of Rs. 417,26,36,817 of the Party for a period of seven years, donations above Rs. 20,000 from all sources, including individuals, companies, societies etc is only Rs. 3,35,96,941. All donations from companies and societies is Rs. 1,45,31,914 and its percentage to the total income is only 0.35. This is what The Times of India report maliciously states as "CPI(M) coffers bulge with capitalist cash".
The CPI(M) does not accept donations from corporates. However, there have been contributions from some companies in Andhra Pradesh. These donations, when it came to the notice of the Polit Bureau last year, was discussed and it was decided not to accept donations from companies, however small.
The Times of India report alleges that the Party is keeping its donors' identity a secret. As per the provisions of law, the Party is legally bound to disclose the names of all donors who donated above Rs. 20,000. As stated above, the Party has submitted before the Income Tax Department and Election Commission the names and other details of all donors who donated amounts above Rs. 20,000. The Party has not concealed the name of any donor, either company or individual who donated more than Rs. 20,000 to the Party. But majority of the donors of the Communist Party of India (Marxist) are from the poorer sections of the people and who donate only small amounts and far below Rs. 20,000. Most of the fund of the Party is collected at ward, village, taluk and district levels. The Party committees at these levels keep the records of receipts and send the names of the donors whose donations are above Rs. 20,000 to the Party Central Committee. The Party has nothing to hide about the details of its income or about the list of donors. The Central Committee of the Communist Party of India (Marxist) has decided to publish the details of its income, the list of donors who donated above Rs. 20,000 including the names of individuals, companies, societies etc. and other details in its website.
eom
_______________________________________________
Marxistindia mailing list
Marxistindia@cpim.org
http://cpim.org/mailman/listinfo/marxistindia_cpim.org
http://www.cpim.org
No comments:
Post a Comment