Andhra Pradesh sources stated that no other regional political party in India is as stronger as AP CM Chandrababu led Telugu desam Party when it comes to yearly revenues. Meanwhile in what is being seen as a shocker by analysts, the party fetched an income of 73 crores for the financial year 2016-17 while it made only 16 crores in 2015-16.
According to a report released by Association of Democratic Rights (ADR) revealed the income and expenditure of regional parties. Meanwhile Samajwadi Party has earned 82 crores, TDP stood second to it with 73 crores income. Further what is more wondering is that almost 60 crores of Telugu desam party's income has come through party membership fee, while rest money is by voluntary donations.
Furthermore as per the audit report submitted to Election Commission, TDP
mentioned that Ambica Agarbathi group is their biggest donor. Moreover if we
look at other regional parties pertaining to Telugu state, TRS has shown a
downward trend as their income is 3.79 crores this financial year against 8+
crores last year and the MIM has an income of Rs 7.4 crore.
CM Chandrababu Naidu unveiled NTR statue Accordingly Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday unveiled a 36 feet tall statue of Telugu Desam Party (TDP) founder and actor turned politician N T Rama Rao at Sattenpalli in Guntur district. Reportedly the bronze statue has been erected on a 40 foot platform at NTR Sagar in the middle of the pond and the state government has plans to develop the region into a mini Tank Bund like the Hussainsagar in Hyderabad.
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