Tata funding for AAP to be based on election performance
23 March 2014 5:29 AM IST
The Tata Group will fund new political entrant Aam Aadmi Party (AAP) based only on its performance in the upcoming general elections and not before. The group provides funding to political parties through its Tata Electoral Trust based on their performance in both the outgoing and incoming Parliament. It is important to note that AAP isn’t receiving any special favours as the company has funded other parties too.
‘The question is being raised about new political parties. Clearly, they have no representation in the outgoing Parliament but they may have a representation in the incoming Parliament. If they do well in their representation, they will automatically receive funds,’ Tata Sons Group Executive Council Member and Brand Custodian Mukund Rajan said. Asked about funding the AAP for the upcoming Lok Sabha elections starting on 7 April, he said: ‘If they perform well in the election, they will receive cheque after the election. Many of the expenses that parties book don’t necessarily get paid before the elections. Many of them will be settling that budget and bills long time afterwards.’
‘The question is being raised about new political parties. Clearly, they have no representation in the outgoing Parliament but they may have a representation in the incoming Parliament. If they do well in their representation, they will automatically receive funds,’ Tata Sons Group Executive Council Member and Brand Custodian Mukund Rajan said. Asked about funding the AAP for the upcoming Lok Sabha elections starting on 7 April, he said: ‘If they perform well in the election, they will receive cheque after the election. Many of the expenses that parties book don’t necessarily get paid before the elections. Many of them will be settling that budget and bills long time afterwards.’
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