-The Times of India NEW DELHI: Over 75% of the funding received by political parties is from unknown Donors. This flies in the face of claims made by parties that details of their financial statements are in the public domain. According to data analyzed by Association for Democratic Reforms (ADR), the total funds received by six national political parties between 2004-2005 and 2011-2012 was Rs 4,895.96 crore of which only 8.9%...
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PM relief fund faces risk of losing PAN
-The Times of India NEW DELHI: The Prime Minister's Office held an urgent meeting with income tax department officials on Monday to discuss the fallout of the PM's National Relief Fund facing de-recognition of its Permanent Account Number (PAN). Having received objections from some quarters that the PM's relief fund is a private body and not a government entity, the PAN obtained for receiving donations faces de-recognition as it was obtained in...
More »Non-monetary indicator of poverty-RR Prasad
-Down to Earth Our policy makers should move away from the income criterion for estimating poverty and take cognisance of other indicators Amid mounting criticism and heated debates about the poverty line, a challenge has resurfaced to examine whether there could be a single non-monetary criterion of estimating poverty. A poverty line is a monetary cut-off point below which a person is deemed to be poor. Thus, any attempt to measure poverty...
More »Finances are already open, says Left-Aarti Dhar
-The Hindu The Left parties have always maintained that the financial statements and accounts of a political party should be made publicly available, and hence strongly rejected the order of the Central Information Commission (CIC) that sought to bring six national parties under the purview of the Right to Information Act, 2005. Disputing the CIC's argument that parties were public authorities, Prakash Karat, general secretary of the Communist Party of India (Marxist),...
More »Govt plans RTI shield for political parties
-The Times of India NEW DELHI: The Centre intends to exempt political parties from RTI scrutiny on the ground that they are not "substantially funded" by the government and so are not required to reveal details such Donors and other funding sources. The government expects to consult political parties to firm up a consensus on undoing the Central Information Commission order putting parties under the ambit of the Right to Information Act...
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