|  |  |  |  |  |  | 

Exclusive Headlines India National News Politics

BJP-Congress received funds from Vedanta

New Delhi, Mar 28 (): BJP and Congress have been indicted by the Delhi High Court for taking foreign funding in violation of the Foreign Contribution Regulation (FCR) Act.

The High Court found BJP and Congress guilty of taking donations from the Vedanta‘s subsidiaries, the company to whom several benefits were gifted by these two national parties. Both BJP and Congress had taken donations to the tune of several crores of rupees from foreign companies.

The court rejected the stance taken by the Ministry of Home Affairs that FCRA has not been violated. Prashant Bhushan, AAP leader was the lawyer for the Association for Democratic Reforms who filed a petition.

The Delhi court has directed the ministry to take action against BJP and Congress within 6 months. The BJP and Congress violated the Foreign Contributions Regulatory Act by accepting contributions from UK-based subsidiaries of natural resources company Vedanta, said the court. It directed the Union ministry and the Election Commission to take appropriate action.

Billionaire industrialist Anil Agarwal has been facing a number of problems in getting mining permits to expand his business in India. The UPA government rejected environment clearance to his Vedanta Group’s proposal for bauxite mining project in Odisha. Sanction has been delayed for allowing its Cairn India unit to expand its exploration activities.

Agarwal however believes India has growth potential. Agarwal says India’s growth story can be achieved by providing jobs through mining and manufacturing. These sectors will create jobs in processing minerals and manufacturing. Environmental clearance has been a major hurdle.

BJP’s PM candidate Modi said that a tax had to be paid to then Union Minister Natarajan to get clearance. Environmental clearance remained a sore point with India Inc and finally FM Chidambaram got a GOM constituted to give clearances and in the process Jayanthy Natarajan quit saying she was devoting her time to party work.

AAP has not so far given any details on foreign funding. FCR rule says no political party can take funding from abroad and NGOs have to show the use of overseas funds and 50% of it cannot be used only for administrative purposes and be used for what it was given for.