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Sun, Apr 21, 2019 | Last Updated 11:35 pm IST

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Why TCS does this donation to political parties?

Why TCS does this donation to political parties?
Why TCS does this donation to political parties?

According to sources Indian multinational technology and the largest IT service firm, Tata Consultancy Services (TCS), unveiled that it gave Rs 220 crore to an electoral trust from the beginning of the year, ie., from January to March of 2019 and apparently it is pretty obscure on which political party/parties have benefited from the money.

Why TCS does this donation to political parties?

Reportedly Rs 220 crores mark as one of the biggest donations the IT company has ever made. Tata group had earlier donated to the Progressive Electoral Trust in 2013, a trust which was set up by it. Meanwhile in fact, Tata has set up many electoral trusts between 2013 and 2016 and that Congress has been a supporter followed by Biju Janata Dal. Furthermore Tata has mentioned in its annual filings about the Progressive Electoral Trust this year and it says there has been no contribution to any political party during the year 2017-18 and it actually had a deficit of Rs 54,844.

Moreover an electoral trust, being the connection between political parties and people who want to donate to them, the biggest ET in the country is Prudent Electoral Trust and this trust's biggest contributors are Bharti Group and DLF, earning more than Rs 160 crore. Earlier in 2017-18, the BJP received Rs 144 crore of the Rs 169 crore it earned from Prudent Electoral Trust. Perhaps on April 12, when the Supreme Court ordered all the political parties contesting in the elections to disclose every donation which was made to them through electoral bonds till May 15, the news has been out.

Why TCS does this donation to political parties?
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