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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...

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Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats

-The Hindu Business Line Bonds to make up for shortfall being considered New Delhi: To ensure that a depositor does not lose his/her money during a resolution or insolvency process of any failing bank, the government was considering a refund mechanism. The newly proposed resolution and insolvency framework for financial entities envisages the framing of a new scheme for refund of depositors’ monies in troubled banks, while providing higher protection to them, sources...

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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...

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Revolution that wasn't -Pratap Bhanu Mehta

-The Indian Express Demonetisation was part of a political imagination that is closer to a technocratic authoritarianism. Revolutions are often paradoxical things. In the minds of the revolutionary, they conjure up images of radical change. But reality is more recalcitrant. It makes a fool of the revolutionary, exacerbating those very things that the revolution seeks to change. Demonetisation has turned out to be no different. It was a populist measure, done in...

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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...

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