Page 115 of Mahindra and Mahindra Annual Report 2009-2010 makes an interesting disclosure. It tells about the company’s donations to political parties; as under:
(a) Indian National Congress Rs 1 Crore
(b) Bhartiya Janata Party Rs 1 Crore
(c) Shiv Sena Rs 0.50 Crore
(d) Nationalist Congress Party Rs 0.50 Crore
(e) Bihar Pradesh Janata Dal (United) Rs 0.25 Crore
Corporate like Tata have a very transparent policy for political donations. They don't donate any sum exclusively to any one political party. They would donate the same amount to say top 2 or 4 parties. Such donations are not made under the table, or from black money. These donations are accounted for in the balance sheet. So here too, Mahindra has donated the same amount to both BJP and Congress. We also know that such practice is alive in many of the developed nations.
One reason why our politicians are corrupt is also that they need large sum of money to fight and run in elections. Such corporate funding is a very welcome system and we should all welcome and support it.
- Rahul
(a) Indian National Congress Rs 1 Crore
(b) Bhartiya Janata Party Rs 1 Crore
(c) Shiv Sena Rs 0.50 Crore
(d) Nationalist Congress Party Rs 0.50 Crore
(e) Bihar Pradesh Janata Dal (United) Rs 0.25 Crore
Corporate like Tata have a very transparent policy for political donations. They don't donate any sum exclusively to any one political party. They would donate the same amount to say top 2 or 4 parties. Such donations are not made under the table, or from black money. These donations are accounted for in the balance sheet. So here too, Mahindra has donated the same amount to both BJP and Congress. We also know that such practice is alive in many of the developed nations.
One reason why our politicians are corrupt is also that they need large sum of money to fight and run in elections. Such corporate funding is a very welcome system and we should all welcome and support it.
- Rahul
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