Thursday, November 21, 2013

Analysis of Financial background of Contesting Candidates in the Madhya Pradesh State Assembly Elections

Madhya Pradesh Election Watch (MPEW) and Association for Democratic Reforms (ADR) have analysed the self-sworn affidavits of candidates from three major political parties (INC, BJP and BSP) in the Madhya Pradesh State Assembly Elections. A total of 2583 candidates filed affidavits with the ECI among whom 686 candidates were from the above three major parties. Out of these 686 candidates, 683 were analysed. Only those parties which are contesting in more than 200 constituencies are considered for this report.

Note: Affidavits of Kailash Vijayvargiya (BJP), Uday Prakash Mishra (INC) and Vijay Singh Chouhan (BSP) have not been analysed due to issues in their affidavits like missing pages, annexures etc

Financial:


·         Crorepati Candidates: Out of the analysed 683 contesting candidates, 350 (51%) are crorepatis.



·         Average Assets: The average asset per candidate contesting in the 2013 Madhya Pradesh Assembly Elections is Rs.3.38 Crores. The average asset per candidates for these 3 political parties in 2008 Madhya Pradesh Assembly elections was Rs.1.07 Crores.



·         Party-wise Average Assets: The average asset per candidate for BJP (229 candidates) is Rs.4.04 Crores, for 228 INC candidates the average is Rs.5.33 Crores and the average assets of BSP (226 candidates) is Rs.76.62 Lakhs in 2013 Assembl elections. The average asset per candidate for BJP, INC and BSP in 2008 Assembly elections were Rs.1.05 Crores, Rs.1.59 Crores and Rs.57.29 Lakhs.



·         High Asset Candidates: The top three candidates with high declared assets are Sanjay Pathak of INC from Vijayraghavgarh Constituency with declared assets worth Rs.121.32 Crores followed by Chetan Kashyap of BJP from Ratlam City Constituency with assets worth Rs.120.29 Crores and Satyanarayan Patel of INC from Depalpur Constituency with assets worth Rs 70.96 Crores.


·         High Liability Candidates: The top three candidates with highest declared liabilities are Sanjay Pathak of INC from Vijayraghavgarh constituency has declared the highest liabilities worth Rs.48.70 Crores followed by Surendra Patawa of BJP from Bhojpur constituency with liabilities worth Rs.34.49 Crores and Dr.Mohan Yadav of BJP from Ujjain South constituency with liabilities worth Rs.5.11 Crore.



·         Undeclared PAN: 143 (21%) out of 683 candidates contesting in the 2013 Madhya Pradesh Assembly Elections have not declared their PAN details.



·         High Income Candidates: Sanjay Pathak of INC from Vijayraghavgarh constituency has declared the highest income of Rs.8.94 Crores in the last Income Tax Returns (ITR) filed for the year 2012-13 followed by Sanjay Sharma of BJP from Tendukheda constituency with total income of Rs.3.44 Crores and Alok Chaturvedi of INC from Chhatarpur with an income of Rs.1.73 Crores for the financial year 2012-13.



Summary of asset comparison of re-contesting MLAs



·         MLAs Contesting Again:  Madhya Pradesh Election Watch (MPEW) and Association for Democratic Reforms have analyzed 141 outgoing MLAs who are contesting again in the 2013 Madhya Pradesh Assembly Elections.

·         Average Assets in 2008 Elections: The average asset of these 141 re-contesting MLAs fielded by various parties in 2008 was Rs 1.70 Crores.



·         Average Assets in 2013 Elections: The average asset of these 141 re-contesting MLAs in 2013 is Rs 5.81 Crore.



·         Average Asset growth in 5 years (2008-2013): The average asset growth for these 141 re-contesting MLAs, between the Madhya Pradesh Assembly Elections of 2008 and 2013 is Rs 4.11 Crores.



·         Percentage growth in 5 years (2008-2013): Average percentage growth in assets for these 141 re-contesting MLAs is 242%.



·         Highest growth In Assets in 5 years (2008-2013): Sanjay Pathak of INC from Vijayraghavgarh constituency has declared maximum increase in assets with an increase of Rs 87.15 Crore i.e from Rs 34.17 Crores in 2008 to Rs. 121.32 Crores in 2013. Assets of K.P.Singh Kakkajoo (of INC from Pichhore constituency) have increased by Rs 49.23 Crores, from Rs 11.48 Crores in 2008 to Rs 60.72 Crores in 2013. Assets of Satyanarayan Patel of INC from Depalpur constituency have risen by Rs 40.95 Crores, from Rs 30.01 Crores in 2008 to Rs 70.96 Crores in 2013.



·         Asset decrease in 5 years (2008-2013): 4 BJP MLAs have reported decrease in assets in 2013 as compared to their assets in 2008. Among them the highest decrease has been shown by Arvind Bhadoriya (49% decline in assets, Rs 1.45 Crores in 2008 to Rs 74.26 Lakhs in 2013) from Ater constituency followed by Deepak Joshi (10% reduction in assets, from Rs 40.94 Lakhs in 2008 election to Rs 36.82 Lakhs in 2013) of from Hatpipliya constituency. Balkrishna Patidar from Khargone constituency has shown 9% reduction in his assets (from Rs 3.84 Crores in 2008 election to Rs 3.51 Crores in 2013) while assets of Jagannath Singh from Chitrang constituency declined by 8% (from Rs 68.12 Lakhs in 2008 election to Rs 62.56 Lakhs in 2013).