-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...
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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 »Corporates donated Rs 957 cr to national parties, BJP got lion's share: Report -Smriti Kak Ramachandran
-Hindustan Times BJP received the maximum donations of Rs 705.81 crore from 2,987 corporate donors followed by INC which received Rs 198.16 crore from 167 corporate donors. New Delhi: The BJP received the lion’s share – Rs 705.81 crore – of Rs 956.77 crore that corporate houses donated to five national parties between 2012-13 and 2015-16, a report by a Delhi-based non-profit pushing for poll reforms said on Thursday. The party, which swept...
More »The great Finance Bill trick -Niranjan Sahoo
-DNA The political funding reforms are an embarrassment to India’s claims of heralding a transparency revolution Following Prime Minister Narendra Modi’s demonetization drive and his expressed desire to bring transparency in political funding, there were expectations of more concrete measures to cleanse the Augean stables of Indian politics. The government responded quickly, albeit through the Finance Bill. For the first time, the Union Budget 2017 devoted a full section (420...
More »Political funding: There’s trust, but little else -Aditi Nigam
-The Hindu Business Line Electoral Trusts bring some transparency to India Inc’s donations to parties, but more needs to be done New Delhi: India Inc makes big donations to political parties, but very little is made public on the amount or to whom it is given. Electoral Trusts revealing such data were expected to bring in more transparency. A change in income-tax rules in January 2013 paved the way for the setting up...
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