The Big 2 received Rs105 crore between them, but this is only the tip of the iceberg

Whose cash are the major political parties banking on this time? A good part of election financing is obviously done with black money, but a close look at formal business funding in the recent past offers enough clues on who's bankrolling whom.

Quite clearly, businessmen have their favourites, but many others tend to back all major parties even-handedly. Else, they offer donations based on the popular votes/seats received by each major party at the last elections.

The Congress' big backers are the Aditya Birla group and the Tatas, while the BJP received substantial funding from the Sterlite group of Anil Agarwal and the Gujarat-based Adanis. The Dhoots of Videocon backed both the major parties and also the Shiv Sena in Maharashtra.

Using the Right to Information Act extensively, DNA obtained the officially declared contribution figures of various political parties between 2003 and 2007. Since disclosures are voluntary, the figures are only indicative, and may also hide more than they reveal. Thus, there is little data on Mayawati's BSP, which did not submit any declaration to the Election Commission.

Missing from the declarations are the contributions of the Ambani brothers. While Mukesh has access to the highest levels in the Congress, Anil Ambani is close to the Samajwadi Party's Amar Singh.

The Congress and the BJP hogged the lion's share of the booty during 2003-07 — almost identical amounts of Rs 52.42 crore and Rs 52.93 crore. No business house obviously wants to fall foul of the two principal nodes of Indian politics, whether they are in power or on the sidelines.

But given the growth in coalitions, the smaller parties aren't doing too badly either.

Aditya Kaul/ DNA-Daily News & Analysis Source: 3D Syndication