-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...
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Electoral Bonds prize anonymity, you won't know who's bought them -Milan Vaishnav
-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 »A law for the farmer -Ajay Vir Jakhar
-The Indian Express Pesticide Management Bill should address the anomalies that prevent state governments from booking large pesticide companies. “Until lions have their own historians, tales of the hunt shall always glorify the hunter,” goes an old African proverb, which is also apt to describe the state of the world’s farmers. Farmers are like the hunted lions who need their side of the story told and their sacrifices, agony, courage and fears...
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 »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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