-The Economic Times blog Electoral bonds represent the latest attempt at removing black money from the electoral system. It is a financial instrument, much like a demand draft or currency note, which will conceal the identity of the donor from the intended recipient political party from everyone except the issuing bank. These bonds can be purchased for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1,00,000, Rs 10,00,000 and Rs...
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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 »New territory, says Arun Jaitley as House passes Insolvency Bill -Rahul Tripathi
-The Indian Express Over-inclusive, says Chidambaram, it keeps out even those convicted of non-financial crime As Rajya Sabha cleared the Insolvency and Bankruptcy Code Amendment Bill Tuesday, Finance Minister Arun Jaitley said the government has entered unchartered territory and would continue to modify the law. “Insolvency and bankruptcy is an area in which it is only in recent years that we have chartered into. It is a learning experience,” Jaitley said in...
More »Maternity benefit scheme to become fully functional by February-end: Centre
-PTI So far, the benefits of the scheme have reached 10,000 women approximately, says govt The Centre is trying to make the maternity benefit programme, which has been marred by delay, 'fully functional' by February-end, a senior official said on Monday. The top economists of the country wrote to Finance Minister Arun Jaitley last month flagging the delay in the rollout of the Pradhan Mantri Matru Vandana Yojana (PMMVY), which promises pregnant and...
More »Maharashtra allots Rs 142,400 mn for farm loan waivers, cropping
-PTI Arun Jaitley had last year said that the Centre will not be part of a state's fiscal leverage in waiving farm loans and the cost has to be borne by the states Mumbai: The Maharashtra government today made allocations worth Rs 14,240 crore for the farm loan waiver scheme and for repayment to farmers whose produce was purchased by the state. The state's cooperation and marketing department today issued a Government Resolution...
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