While the income of AIADMK has come down 73% during the financial year 2017- 2018, the main opposition party in the state, the DMK witnessed a vertiginous rise of 845% in total income for the same period.
With this massive growth in income, DMK has become the second richest regional party of India. The figures were released on Thursday by the Association for Democratic Reforms, an election-watch NGO.
With the help of data from audited accounts and contribution statements submitted by political parties to the Income Tax Department and the Election Commission of India, the ADR has vetted the financial details of 37 regional political parties across the country.
Samajwadi Party is the richest regional party, while TRS comes third, stated a report by Association for Democratic Reforms.