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<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
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-The Hindu
If big money entirely funds elections in a secretive way, democracy as we know it will not exist
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds..."/>
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<strong>The opacity around electoral bonds -Trilochan Sastry</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br /></em><br />The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.<br /><br />Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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<link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7e1cb767af-trace').style.display = (document.getElementById('cakeErr67f7e1cb767af-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67f7e1cb767af-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7e1cb767af-code').style.display = (document.getElementById('cakeErr67f7e1cb767af-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67f7e1cb767af-context').style.display = (document.getElementById('cakeErr67f7e1cb767af-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67f7e1cb767af-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700"><</span><span style="color: #0000BB">head</span><span style="color: #007700">>
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<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
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The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that &ldquo;allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.&rdquo; The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
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<br />
<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
</em><br />
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that &ldquo;allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.&rdquo; The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
<br />
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-The Hindu
If big money entirely funds elections in a secretive way, democracy as we know it will not exist
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds..."/>
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<strong>The opacity around electoral bonds -Trilochan Sastry</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br /></em><br />The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.<br /><br />Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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<br />
<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
</em><br />
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that &ldquo;allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.&rdquo; The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
<br />
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<br />
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-The Hindu<br />
<br />
<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
</em><br />
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that &ldquo;allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.&rdquo; The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
<br />
Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br />
<br />
Please <a href="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true">click here</a> to read more. <br />
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If big money entirely funds elections in a secretive way, democracy as we know it will not exist
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds...'
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-The Hindu
If big money entirely funds elections in a secretive way, democracy as we know it will not exist
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds..."/>
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<strong>The opacity around electoral bonds -Trilochan Sastry</strong></h1>
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<div align="justify">-The Hindu<br /><br /><em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br /></em><br />The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.<br /><br />Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br /><br />Please <a href="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/the-opacity-around-electoral-bonds/article30054174.ece?homepage=true">click here</a> to read more. <br /></div> </font>
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-The Hindu<br />
<br />
<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
</em><br />
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
<br />
Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br />
<br />
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<br />
<em>If big money entirely funds elections in a secretive way, democracy as we know it will not exist<br />
</em><br />
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.<br />
<br />
Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.<br />
<br />
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latest-news-updates/the-opacity-around-electoral-bonds-trilochan-sastry-4688494.html"/>
LATEST NEWS UPDATES | The opacity around electoral bonds -Trilochan Sastry | Im4change.org
The opacity around electoral bonds -Trilochan Sastry
-The Hindu
If big money entirely funds elections in a secretive way, democracy as we know it will not exist
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. In 2017, the then RBI Governor wrote to the then Finance Minister that “allowing any entity other than the central bank to issue bearer bonds, which are currency-like instruments, is fraught with considerable risk and unprecedented even with conditions applicable to electoral bonds.” The EC warned that this would allow illegal foreign funds to be routed to political parties.
Objections were overruled and the scheme was passed in the Lok Sabha as part of the Finance Bill so that it would not have to go through the Rajya Sabha where the then-government lacked a majority. There is no other country in the world where such a scheme exists.
