-Business Standard FCRA amendment raises questions about ethical governance The little-noticed announcement in the Finance Bill to retrospectively amend a clause in the Foreign Contribution Regulation Act (FCRA) does little to enhance the government's reputation for ethical governance. The amendment, to apply from 2010, will mean that donations to political parties by Indian companies with foreign direct investment within mandated sectoral limits will no longer be considered "foreign contributions". The FCRA bans...

-The Times of India New Delhi: The Delhi high court has tightened norms for political parties accepting cash donations without submitting their books for scrutiny. The move is being seen as a major boost for more transparency in Political Funding, plugging a vulnerability in law which could be exploited to mask illicit contributions. A bench of Justices S Murlidhar and Vibhu Bakhru held this week that parties which fail to maintain audited...

-Business Standard While allocations to several social sector schemes have been increased, concerns about the direction of the funds being ploughed remain The health and education sectors have trudged along the last two years awaiting direction that would be set through new policies the National Democratic Alliance government promised. In the absence of these guiding documents, most observers have been left to read the intermittent policy decisions like tea-leaves to guess the...

-Livemint.com Regulation and disclosure of Political Funding and lobbying activities is no guarantee for lack of political corruption and vested interests influencing policies New Delhi: The recent sting by news portal Naradanews showing Trinamool Congress legislators accepting cash to lobby for a private company has once again exposed the dark underbelly of corruption in Indian politics. But this is not the first time. In 2005, 11 MPs were expelled from Parliament after a...

-Economic and Political Weekly The Modi government tries hard to signal a makeover but beyond the symbolic it does not change much. Budget 2016 is not important for the proposals that it has made but for what it tries to signal about the proposed makeover, in a limited way, of the Narendra Modi government. The budget does try hard to claim that the Modi government is not a “suit-boot” administration, an image...