Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Ten regional parties, including the DMK, BJD, YSR Congress, JDU and the AAP, have declared receiving Rs Rs 852.88 crore donations through electoral bonds in 2021-22, according to an NGO working for electoral reforms. The total income of 36 regional parties for the financial year was Rs 1,213 crore, the Association for Democratic Reforms (ADR) said in a report, citing official data. The report analysed the total income and expenditure incurred by 36 out of 54 regional parties during 2021-22, as declared by these parties in their audit reports submitted to the Election Commission on India. "Ten regional parties -- DMK, BJD, TRS, YSR-Congress, JDU, SP, AAP, SAD, MGP and TDP -- have declared receiving donations through electoral bonds worth Rs 852.88 crore...for 2021-22," it said. The TRS (Telangana Rashtra Samithi) has subsequently renamed as the Bharat Rashtra Samithi. The party is in power in Telangana. The Dravida Munnetra Kazhagam (DMK), which is currently in power in Tamil Nadu
The Enforcement Directorate has arrested Raghav Magunta, son of YSR Congress Party MP from Ongole Magunta Srinivasulu Reddy, in connection with its money laundering investigation into alleged irregularities in the Delhi excise policy case, officials said Saturday. Raghav Magunta was taken into custody under the Prevention of Money Laundering Act (PMLA) on Friday evening, they said. He is expected to be produced before a local court, where the federal probe agency will seek his custody. This is the ninth arrest in this case by the ED, and the third this week. It arrested Gautam Malhotra, son of former SAD MLA from Punjab Deep Malhotra, and Rajesh Joshi, the director of an advertising company called Chariot Productions Media Pvt Ltd, earlier in the week. The agency had alleged that a cartel called 'South Group' of liquor retailers, wholesalers and manufacturers was created as part of the now-scrapped Delhi excise policy, and the father and son duo were part of it. It had searched .
YSR Congress Party's official Twitter handle was hacked and defaced on Saturday. The hackers filled the images with Bored Ape Yacht Club (BAYC) pictures that are non-fungible tokens (NFTs) used for trading in the cryptocurrency market. Confirming that the website has been hacked, Andhra Pradesh Chief Digital Director Devendra Reddy Gurrampati said they are resolving the issue with Twitter officials. "We have complained to Twitter and they are working on that. It is expected to be resolved soon," he told PTI. Earlier on October 1, the official Twitter account of Telugu Desam Party was also hacked.