Jalan group bonds well with political parties
Business Standard|March 23, 2024
A bulk of the political donations made by West Bengal's top contributor, the Mahendra Kumar Jalan group, went to the BJP, according to data published by the Election Commission (EC).
ISHITA AYAN DUTT
Jalan group bonds well with political parties

The EC on Thursday put up on its website a fresh data set which includes alpha-numeric numbers matching the purchase of electoral bonds with the political parties that received the funds.

Four Jalan group firms contributed ₹351.92 crore to the Bharatiya Janata Party: Keventer Foodpark Infra (₹144.5 crore), Madanlal Ltd (175.5 crore), MKJ Enterprises (26.92 crore) and Sasmal Infrastructure (₹5 crore). The Congress got 160.6 crore, and the All India Trinamool Congress (TMC), which governs Bengal, got ₹65.9 crore from the group. Other beneficiaries include the Bharat Rashtra Samithi, the Samajwadi Party, and the Shiromani Akali Dal.

The group purchased electoral bonds worth ₹616.92 crore between April 2019 and January 2024, making it one of the top donors through electoral bonds in the country.Keventer was the biggest purchaser of the electoral bonds in the Jalan Group, paying ₹195 crore. MKJ Enterprises purchased bonds worth ₹192.42 crore, Madanlal Limited ₹185.5 crore and Sasmal Infrastructure ₹44 crore. The donations Madanlal Limited and Keventer made were disproportionately high compared to the size of the two companies, at least in the years they purchased the bonds.

この記事は Business Standard の March 23, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の March 23, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。

BUSINESS STANDARDのその他の記事すべて表示
Women share in urban salaried jobs at 6-yr low
Business Standard

Women share in urban salaried jobs at 6-yr low

The share of women employed in regular ☐ salaried jobs in urban India hit a fresh low in the January-March quarter (Q4) of 2023-24 (FY24).

time-read
2 分  |
May 20, 2024
NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'
Business Standard

NARAYANAN VAGHUL (1936-2024) 'Vaghul style of leadership created a factory of leaders'

RENUKA RAMNATH My first encounter with N Vaghul, was in 1986, when I joined ICICI as a junior officer on probation.

time-read
2 分  |
May 20, 2024
Gold loans still shining
Business Standard

Gold loans still shining

Regulatory scrutiny of such lending is growing but it is unlikely to slow down business, reports RAGHU MOHAN

time-read
3 分  |
May 20, 2024
MIGRATION, PROMOTION, CONVERSATION
Business Standard

MIGRATION, PROMOTION, CONVERSATION

What lies ahead for the India-EFTA free-trade deal?

time-read
5 分  |
May 20, 2024
A higher interchange is critical for ATM business'
Business Standard

A higher interchange is critical for ATM business'

A decade after white-label ATM operators (WLAOS) came into play, only a shade more than 30,000 units have been set up by them.

time-read
2 分  |
May 20, 2024
Closure of old credit card can negatively impact credit score
Business Standard

Closure of old credit card can negatively impact credit score

If the card is old and expensive but not useful, downgrade it to a no-fee card

time-read
4 分  |
May 20, 2024
Business Standard

'Market assumes easy re-election for incumbent govt'

The recent spike in volatility, often observed preceding big events, is compounded by quarterly earnings and a renewed focus on China, according to PRATIK GUPTA, chief executive officer and co-head of Kotak Institutional Equities.

time-read
3 分  |
May 20, 2024
Valuation swell prompts balanced advantage funds to lower sails
Business Standard

Valuation swell prompts balanced advantage funds to lower sails

ADJUSTING TO MARKET TIDES: Large BAFs trim net exposure to below 60%

time-read
2 分  |
May 20, 2024
Japan's stock market dawn: The new Land of Rising Equities
Business Standard

Japan's stock market dawn: The new Land of Rising Equities

CLEAR SKIES AHEAD: Chris Wood of Jefferies spots promise in its bank stock breakout

time-read
2 分  |
May 20, 2024
Business Standard

USA Inc: Woke vs greed

It's been 14 years since Goldman Sachs was vilified as a \"vampire squid\" by Matt Taibbi in Rolling Stone.

time-read
3 分  |
May 20, 2024