​Press Release: Analysis of Assets Comparison of Re-Contesting MLAs in the Andhra Pradesh Assembly Election 2024

7 views
Skip to first unread message

ADR India

unread,
May 11, 2024, 5:25:22 AMMay 11
to national-el...@googlegroups.com, national...@googlegroups.com
Press Release    

Date: May 11, 2024

Dear Friends,

Association for Democratic Reforms (ADR) and Andhra Pradesh Election Watch have analysed the self-sworn affidavits of 134 re-contesting MLAs in the Andhra Pradesh Assembly Election 2024. Out of the 134 re-contesting MLAs, assets of 123 MLAs (92%) have increased ranging from 1% to 973% and assets of 11 MLAs (8%) have decreased ranging from -2% to -50%.


Summary of comparison for re-contesting MLAs


image.png
  • Average Assets in 2019 Elections: The average assets of these 134 re-contesting MLAs fielded by various parties in 2019 was Rs 31.39 Crores.
  • Average Assets in 2024 Elections: The average asset of these 134 re-contesting MLAs in 2024 is Rs 49.40 Crores.
  • Average Asset growth in 5 years (2019-2024): The average asset growth for these 134 re- contesting MLAs, between the Andhra Pradesh Assembly Elections of 2019 and 2024 is Rs 18.00 Crores.
  • Percentage growth in 5 years (2019-2024): Average percentage growth in assets for these 134 re-contesting MLAs is 57%.

Top 5 Re-contesting MLAs with highest asset increase (Rupee-wise)

  • Chandrababu Naidu Nara of TDP from Kuppam constituency has declared maximum increase in assets with an increase of Rs 263.26 Crores i.e from Rs 668.57 Crores in 2019 to Rs. 931.83 Crores in 2024.
  • Assets of Yeluri Sambasiva Rao of TDP from Parchur constituency have increased by Rs 253.90 Crores, from Rs 41.90 Crores in 2019 to Rs 295.80 Crores in 2024.
  • Assets of YS Jagan Mohan Reddy of YSRCP from Pulivendla constituency have risen by Rs 247.26 Crores, from Rs 510.38 Crores in 2019 to Rs 757.65 Crores in 2024

The following table provides the asset details of top 5 r-econtesting MLAs showing highest increase in assets (Rupee wise):


S.No.

Name

Source of Income (Self)

Source of Income (Spouse)

Party in Andhra Pradesh 2024

Party in Andhra Pradesh 2019

Constituency In Andhra Pradesh 2024

Constituency In Andhra Pradesh 2019

Assets in Andhra Pradesh 2024 (Rs.)

Assets in Andhra Pradesh 2019 (Rs.)

Assets Increase (Rs.)

% Increase in Assets

Total Annual Income as per last return

(Rs.)

1.

Chandrababu Naidu Nara

Salary Income, Dividend Income

Salary, Business, Rental Income & Other Sources

TDP

TDP

Kuppam

Kuppam

9,31,83,70,656  
931 Crore+

6,68,57,50,975  
668 Crore+

2,63,26,19,681  
263 Crore+

39%

20,57,01,131  
20 Crore+

2.

Yeluri Sambasiva Rao

Business, Agriculture and Salary from AP Assembly

Business

TDP

TDP

Parchur

Parchur

2,95,80,24,437  
295 Crore+

41,90,17,447  
41 Crore+

2,53,90,06,990  
253 Crore+

606%

2,73,32,950  
2 Crore+

3.

YS Jagan Mohan Reddy

MLA Salary MP Pension, Rental Income, Other Income (Bank Interest, Dividend etc) and Agricultural Income

Salary, Rental Income, Capital Gains, Other Income (Interest, Dividend etc) and Agricultural Income

YSRCP

YSRCP

Pulivendla

Pulivendla

7,57,65,03,781  
757 Crore+

5,10,38,16,566  
510 Crore+

2,47,26,87,215  
247 Crore+

48%

73,67,43,340  
73 Crore+

4.

Nandamuri Balakrishna

Artiste Remuneration, Rental Income & Salary Income from State Government

Rental Income

TDP

TDP

Hindupur

Hindupur

4,82,96,80,954  
482 Crore+

2,74,08,87,314  
274 Crore+

2,08,87,93,640  
208 Crore+

76%

10,78,44,570  
10 Crore+

5.

Vamsi Vallabhaneni

Business, salary and Agricultural Income

Business and Agricultural Income

YSRCP

TDP

Gannavaram

Gannavaram

1,98,42,31,785  
198 Crore+

83,74,00,805  
83 Crore+

1,14,68,30,980  
114 Crore+

137%

37,70,640  
37 Lacs+

Table: Assets Comparison of top 5 re-contesting MLAs - rupees –wise

Average assets increase of re-contesting MLAs: Party-Wise

Following tables showcases the party wise assortment of the average increase in assets of the re-contesting MLAs:

S.No.

Party in Andhra Pradesh 2024

Total Number of

re-contesting MLAs

Average Assets in Andhra Pradesh 2024

(in Rs.)

Average Assets in Andhra Pradesh 2019

(in Rs.)

Average Assets Increase

(in Rs.)

Average
% Increase in Assets

1.

YSRCP

107

39,67,79,220  
39 Crore+

25,67,68,380   
25 Crore+

14,00,10,840  
14 Crore+

54.53%

2.

TDP

22

1,03,43,31,828  
103 Crore+

62,27,45,859   
62 Crore+

41,15,85,969  
41 Crore+

66.09%

3.

INC

4

4,04,34,739  
4 Crore+

2,61,39,265   
2 Crore+

1,42,95,474  
1 Crore+

54.69%

4.

Janasena Party

1

82,94,53,101  
82 Crore+

79,16,11,964   
79 Crore+

3,78,41,137  
3 Crore+

4.78%

GRAND TOTAL

134

49,40,43,797.26  
49 Crore+

31,39,61,153.79  
31 Crore+

18,00,82,643.47  
18 Crore+

57%

Table: Average asset increase of re-contesting MLAs - party wise

Contact Details


Andhra Pradesh Election Watch



Mr. Rakesh Reddy Dubbudu
+91-98854-19012
rakesh....@gmail.com

 

National Election Watch/Association for Democratic Reforms

 

Media and Journalist Helpline

 

+91 80103 94248

Email: a...@adrindia.org

Maj.Gen. Anil Verma (Retd)

Head

Association for Democratic Reforms,

National Election Watch

011 4165 4200,

a...@adrIndia.org,

anil...@adrindia.org

Prof Jagdeep Chhokar

IIM Ahmedabad (Retd.)

Founder Member,

Association for Democratic Reforms,

National Election Watch

jchh...@gmail.com

Prof Trilochan Sastry

IIM Bangalore

Founder Member,

Association for Democratic Reforms,

National Election Watch

tsa...@gmail.com



--

Association for Democratic Reforms

T-95, C.L. House, 2nd Floor,
(Near Gulmohar Commercial Complex)
Gautam Nagar
New Delhi-110 049

Mob No: +91 8010394248 
Fax No.: 011 4609 4248


Listen to Our Podcast on      
Support Us By Donating Here

Websites:   adrindia.org

    
Reply all
Reply to author
Forward
0 new messages