Election to see funding support to candidates from non-resident Keralites communities

Kerala State Planning Board member KN Harilal said the remittances are not restricted to the NR deposits at banks.

Published: 26th March 2019 08:40 AM  |   Last Updated: 26th March 2019 08:40 AM   |  A+A-

Voting, Vote, Polls

Image used for representational purpose only

Express News Service

KOCHI:  Does the election season see a spurt in remittance or deposits from the non-resident Keralites (NRKs) into the state? The answer would be “yes”, though there is no specific mechanism to track such fund flows, say experts. Usually, there will be a spike in NRK remittances during festival seasons such as Onam, Vishu, Eid or Christmas, and these can be easily monitored, they said.

A comparison of figures collated from the State Level Bankers Conference (SLBC) during the last Assembly elections in May 2016 with the same period the previous year shows no indication of higher remittances.However, experts said NRKs contribute liberally to the political parties’ elections funds and this will not be any different in the upcoming Lok Sabha elections. “There are Malayalee Associations for the Congress/Left parties in most Gulf countries.

We can expect funding support to the political parties from these Associations for their campaign,” said S Irudaya Rajan, professor, Centre for Development Studies (CDS), who has been studying the migration trends from Kerala since 1998. “During election time, there may be money coming to political parties from NRKs. But it is not remittance. It will be an NRI contribution to the political parties,” said Rajan.

Data on non-resident (NR) deposits also attest to what Rajan said. During the period from March 2016 to September 2016 (when the Assembly elections took place in the state), the NR deposits showed a rise of about 5.98 per cent (Rs 8112 crore) from rs 1,35,609 crore to Rs 1,43,721 crore.During the same period the previous year, the NR deposits grew much faster. As per the SLBC data, the NR deposits grew by over 10 per cent (Rs 12,016 crore) from Rs 109,603 crore to Rs 121,619 crore in the period March 2015 to September 2015 period.

Kerala State Planning Board member K N Harilal said the remittances are not restricted to the NR deposits at banks. “They come through other channels also,” he said. Harilal, however, said there are no ways to track the funds coming from the 2.2 million NRKs for  election campaign purpose.A campaigner for the Congress said several NRIs are coming forward to financially support Ramya Haridas, the Congress candidate in Alathur, in their individual capacity after the party launched an online fundraising campaign. 

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp