Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | An invitation to corruption? -Suhrith Parthasarathy    </title>
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-The Hindu

The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life

Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the..."/>
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The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life

Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the..." />
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                            <div align="justify">-The Hindu<br /><br /><em>The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life<br /></em><br />Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme&rsquo;s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government, that even O.P. Rawat, who just retired Chief Election Commissioner, thought it fit to deliver a damning indictment of the scheme. &ldquo;There are many grey areas in this because when there is no ceiling on party expenditure and the EC (Election Commission) cannot monitor it, how can you be sure that what is coming in is not black money as there is a secrecy of the donor,&rdquo; Mr. Rawat told The Economic Times in an interview last week. &ldquo;Even foreign money can come and even a dying company can give money now... So, prima facie it appears the scheme cannot really deliver whatever it was intended to.&rdquo;<br /><br /><em>Too opaque<br /></em><br />In its present form, the scheme permits not only individuals and body corporates, but also &ldquo;every artificial juridical person,&rdquo; to purchase bonds, issued by the State Bank of India, in denominations of ?1,000, ?10,000, ?lakh, ?10 lakh and ?1 crore, during specified periods of the year. Issued in the form of promissory notes, once a bond is purchased the buyer can donate it to any political party, which can then encash it on demand.<br /><br />The government claims that since these bonds are purchased through banking channels the scheme will eliminate the infusion of black money into electoral funding. But not only is this argument palpably false, as a simple reading of the scheme&rsquo;s terms shows us, the programme also virtually endorses corruption in political funding, as Milan Vaishnav has argued. Consider, for example, the fact that the scheme allows for complete anonymity of the donor. Neither the purchaser of the bond nor the political party receiving the donation is mandated to disclose the donor&rsquo;s identity. Therefore, not only will, say, the shareholders of a corporation be unaware of the company&rsquo;s contributions, but the voters too will have no idea of how, and through whom, a political party has been funded.<br /><br />Just as damaging to the most basic democratic ideals is the elimination of a slew of other barriers that were in place to check the excesses of corporate political sponsoring. For instance, the programme removes an existing condition that had prohibited companies from donating anything more than 7.5% of their average net-profit over the previous three years. This now means that even loss-making entities can make unlimited contributions. Additionally, the requirement that a corporation ought to have been in existence for at least three years before it could make donations &mdash; a system that was meant to stop shell concerns from being created with a view purely to syphoning money into politics &mdash; has also been removed. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY" title="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY">click here</a> to read more. <br /></div>                                                           
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The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life

Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the..."/>
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    <h1 class="cat-box-title">An invitation to corruption? -Suhrith Parthasarathy</h1>
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                            <div align="justify">-The Hindu<br /><br /><em>The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life<br /></em><br />Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme&rsquo;s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government, that even O.P. Rawat, who just retired Chief Election Commissioner, thought it fit to deliver a damning indictment of the scheme. &ldquo;There are many grey areas in this because when there is no ceiling on party expenditure and the EC (Election Commission) cannot monitor it, how can you be sure that what is coming in is not black money as there is a secrecy of the donor,&rdquo; Mr. Rawat told The Economic Times in an interview last week. &ldquo;Even foreign money can come and even a dying company can give money now... So, prima facie it appears the scheme cannot really deliver whatever it was intended to.&rdquo;<br /><br /><em>Too opaque<br /></em><br />In its present form, the scheme permits not only individuals and body corporates, but also &ldquo;every artificial juridical person,&rdquo; to purchase bonds, issued by the State Bank of India, in denominations of ?1,000, ?10,000, ?lakh, ?10 lakh and ?1 crore, during specified periods of the year. Issued in the form of promissory notes, once a bond is purchased the buyer can donate it to any political party, which can then encash it on demand.<br /><br />The government claims that since these bonds are purchased through banking channels the scheme will eliminate the infusion of black money into electoral funding. But not only is this argument palpably false, as a simple reading of the scheme&rsquo;s terms shows us, the programme also virtually endorses corruption in political funding, as Milan Vaishnav has argued. Consider, for example, the fact that the scheme allows for complete anonymity of the donor. Neither the purchaser of the bond nor the political party receiving the donation is mandated to disclose the donor&rsquo;s identity. Therefore, not only will, say, the shareholders of a corporation be unaware of the company&rsquo;s contributions, but the voters too will have no idea of how, and through whom, a political party has been funded.<br /><br />Just as damaging to the most basic democratic ideals is the elimination of a slew of other barriers that were in place to check the excesses of corporate political sponsoring. For instance, the programme removes an existing condition that had prohibited companies from donating anything more than 7.5% of their average net-profit over the previous three years. This now means that even loss-making entities can make unlimited contributions. Additionally, the requirement that a corporation ought to have been in existence for at least three years before it could make donations &mdash; a system that was meant to stop shell concerns from being created with a view purely to syphoning money into politics &mdash; has also been removed. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY" title="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY" class="re" target="_blank">The Hindu, 8 December, 2018, https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY</a><div class="clear"></div>
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The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life

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                            <div align="justify">-The Hindu<br /><br /><em>The Electoral Bond Scheme inhibits the citizen&rsquo;s capacity to meaningfully participate in political and public life<br /></em><br />Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme&rsquo;s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government, that even O.P. Rawat, who just retired Chief Election Commissioner, thought it fit to deliver a damning indictment of the scheme. &ldquo;There are many grey areas in this because when there is no ceiling on party expenditure and the EC (Election Commission) cannot monitor it, how can you be sure that what is coming in is not black money as there is a secrecy of the donor,&rdquo; Mr. Rawat told The Economic Times in an interview last week. &ldquo;Even foreign money can come and even a dying company can give money now... So, prima facie it appears the scheme cannot really deliver whatever it was intended to.&rdquo;<br /><br /><em>Too opaque<br /></em><br />In its present form, the scheme permits not only individuals and body corporates, but also &ldquo;every artificial juridical person,&rdquo; to purchase bonds, issued by the State Bank of India, in denominations of ?1,000, ?10,000, ?lakh, ?10 lakh and ?1 crore, during specified periods of the year. Issued in the form of promissory notes, once a bond is purchased the buyer can donate it to any political party, which can then encash it on demand.<br /><br />The government claims that since these bonds are purchased through banking channels the scheme will eliminate the infusion of black money into electoral funding. But not only is this argument palpably false, as a simple reading of the scheme&rsquo;s terms shows us, the programme also virtually endorses corruption in political funding, as Milan Vaishnav has argued. Consider, for example, the fact that the scheme allows for complete anonymity of the donor. Neither the purchaser of the bond nor the political party receiving the donation is mandated to disclose the donor&rsquo;s identity. Therefore, not only will, say, the shareholders of a corporation be unaware of the company&rsquo;s contributions, but the voters too will have no idea of how, and through whom, a political party has been funded.<br /><br />Just as damaging to the most basic democratic ideals is the elimination of a slew of other barriers that were in place to check the excesses of corporate political sponsoring. For instance, the programme removes an existing condition that had prohibited companies from donating anything more than 7.5% of their average net-profit over the previous three years. This now means that even loss-making entities can make unlimited contributions. Additionally, the requirement that a corporation ought to have been in existence for at least three years before it could make donations &mdash; a system that was meant to stop shell concerns from being created with a view purely to syphoning money into politics &mdash; has also been removed. <br /><br />Please <a href="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY" title="https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

An invitation to corruption? -Suhrith Parthasarathy

Published on Dec 10, 2018   Modified on Dec 10, 2018

-The Hindu The Electoral Bond Scheme inhibits the citizen’s capacity to meaningfully participate in political and public life Early this year the government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme’s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government, that even O.P. Rawat, who just retired Chief Election Commissioner, thought it fit to deliver a damning indictment of the scheme. “There are many grey areas in this because when there is no ceiling on party expenditure and the EC (Election Commission) cannot monitor it, how can you be sure that what is coming in is not black money as there is a secrecy of the donor,” Mr. Rawat told The Economic Times in an interview last week. “Even foreign money can come and even a dying company can give money now... So, prima facie it appears the scheme cannot really deliver whatever it was intended to.” Too opaque In its present form, the scheme permits not only individuals and body corporates, but also “every artificial juridical person,” to purchase bonds, issued by the State Bank of India, in denominations of ?1,000, ?10,000, ?lakh, ?10 lakh and ?1 crore, during specified periods of the year. Issued in the form of promissory notes, once a bond is purchased the buyer can donate it to any political party, which can then encash it on demand. The government claims that since these bonds are purchased through banking channels the scheme will eliminate the infusion of black money into electoral funding. But not only is this argument palpably false, as a simple reading of the scheme’s terms shows us, the programme also virtually endorses corruption in political funding, as Milan Vaishnav has argued. Consider, for example, the fact that the scheme allows for complete anonymity of the donor. Neither the purchaser of the bond nor the political party receiving the donation is mandated to disclose the donor’s identity. Therefore, not only will, say, the shareholders of a corporation be unaware of the company’s contributions, but the voters too will have no idea of how, and through whom, a political party has been funded. Just as damaging to the most basic democratic ideals is the elimination of a slew of other barriers that were in place to check the excesses of corporate political sponsoring. For instance, the programme removes an existing condition that had prohibited companies from donating anything more than 7.5% of their average net-profit over the previous three years. This now means that even loss-making entities can make unlimited contributions. Additionally, the requirement that a corporation ought to have been in existence for at least three years before it could make donations — a system that was meant to stop shell concerns from being created with a view purely to syphoning money into politics — has also been removed. Please click here to read more.

The Hindu, 8 December, 2018, https://www.thehindu.com/opinion/lead/an-invitation-to-corruption/article25692841.ece?fbclid=IwAR3UUgJRSvdvHWx9DsL-_Pze2Ph_4QYztbNJGx-m75JNjrfn_4zUdhNXzJY

Tagged with: Electoral bonds Electoral Commission Political Donation Political Funding Political Parties Poll Spending Corruption transparency

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