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LATEST NEWS UPDATES | Finance ministry's own division shares EC's concerns on electoral bonds & transparency -Sanya Dhingra

Finance ministry's own division shares EC's concerns on electoral bonds & transparency -Sanya Dhingra

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published Published on Jul 17, 2018   modified Modified on Jul 17, 2018
-ThePrint.in

The Financial Sector Reforms and Legislation Division has agreed with the EC’s view, which is that the new laws are ‘retrograde’ and need to be withdrawn.

New Delhi:
The Election Commission’s concerns over the transparency of electoral bonds, introduced via the Finance Act, 2017, have been supported by the Financial Sector Reforms and Legislation Division of the finance ministry.

According to an RTI filed by activist Commodore Lokesh Batra (retd), an official email from the FSRL Division of the Department of Economic Affairs said: “The FSRL Division agrees with views of the Election Commission and has no specific comments to offer.”

EC’s concerns

While Section 29C of the Representation of the People Act, 1951, states that all political parties must declare donations above Rs 20,000 to the EC every year, the amendments proposed that the contributions received through electoral bonds be excluded from the ambit of the act.

In a letter dated 26 May 2017, the EC had severely criticised the four amendments, calling them a “retrograde step”.

“This is a retrograde step as far as transparency of donations is concerned and this proviso needs to be withdrawn.”

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ThePrint.in, 15 July, 2018, https://theprint.in/governance/finance-ministrys-division-shares-ecs-concerns-on-electoral-bonds-transparency/83357/


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