-Scroll.in The scheme could help entities route black money to political parties through shell companies, experts fear. It isn’t only companies that have been allowed to make anonymous donations to political parties through Electoral bonds. The fine print of the scheme announced by the Finance Ministry on Thursday also allows individuals, groups of individuals, NGOs, religious and other trusts, Hindu Undivided Family units and all other entities recognised by law to...
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Poll bond transparency test: Govt finalises terms for donation process
-The Telegraph New Delhi: A company that has been in operation for less than three years will be able to donate money to a political party through Electoral bonds, according to the terms finalised by the Centre on Tuesday. But a party that could not secure 1 per cent of the vote in the previous election will not be eligible for the Electoral bonds. This could pose a funding challenge for new...
More »Mystery of Electoral bonds
-The Telegraph New Delhi: Two finance ministry departments, the Election Commission and the Reserve Bank have no information on the consultations over Electoral bonds the Centre introduced nine months ago and touted as a "game-changing" decision to clean up political funding, an RTI query has revealed. RTI activist Venkatesh Nayak had sought from the department of economic affairs (DEA), a wing of the finance ministry, details of the number of representations it...
More »SC glare on 'political bonds'
-The Telegraph New Delhi: The Supreme Court today sought the response of the Centre and the Election Commission on a joint petition filed by NGOs challenging amendments to the 2016 and 2017 Finance Acts that allegedly allow unfettered donations by corporate houses in India and foreign entities to parties in the name of "political bonds". According to advocates Prashant Bhushan and Neha Rathi, appearing for the NGOs Association of Democratic Reforms and...
More »EC to house panel: State funding won?t help, need radical changes to monitor poll expenditure -Anand Mishra
-The Indian Express Both the EC and the Law Ministry have been asked to furnish their written replies at the next meeting. New Delhi: AMID THE demands for state funding of elections, the Election Commission (EC) has categorically told a parliamentary panel that it is “not in favour” of the move. It has, instead, called for “radical changes” in the “provisions regarding receipt of funds” and expenditure by political parties to...
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