-The Indian Express Far from reducing opacity in how politics is financed, this new vehicle merely legitimizes it. It is an open secret that political finance in India is, to put it mildly, a sordid affair. When it comes to political contributions, opacity reigns. The situation is not much better when it comes to expenditure, as candidates regularly declare laughably small amounts of campaign spending in order to give the appearance...
More »SEARCH RESULT
Total Matching Records found : 1052
Jaitley's Electoral Bonds Pose A Major Threat to Indian Democracy -Prabhat Patnaik
-TheCitizen.in It’s a powerful means of centralising power and crushing opposition NEW DELHI: Finance Minister Arun Jaitley had outlined a scheme of electoral bonds in his budget speech on February 2, 2017. Now, exactly 11 months later, the notification of the scheme and some details of it have finally been announced in a Press Information Bureau release on January 2, 2018. Along with this release Jaitley himself has also written an explanation-cum-defence of...
More »Are electoral bonds an elaborate ruse to protect anonymous donations? -Suchindran B N & Param Pandya
-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...
More »The fine print: Groups of individuals, NGOs can buy electoral bonds without public disclosure -Nitin Sethi
-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...
More »Bitcoins like Ponzi schemes: Govt
-The Times of India NEW DELHI: The government on Friday cautioned people against the risk of virtual currencies, saying they are not legal tender and do not have any regulatory permission or protection in India. In one of the sternest warnings by the authorities, the government said virtual currencies are not backed by government fiat. The caution comes against the backdrop of a surge in interest in such instruments, fuelled by astronomical...
More »
