oppn parties Political Funding: Clean Up Begins

News Snippets

  • In reply to a question in Parliament, the government says it is empowered to lawfully intercept, monitor or decrpyt information stored in a computer resource in the interest of sovereignty or integrity of India
  • Police stop a 12-year old girl on her way to the Sabarimala shrine
  • In Karnataka, the JD(S) indicates that it might support the BJP government if it falls short of numbers after the bypolls
  • Congress pips the BJP in local body elections in Rajasthan, winning 961 wards to the BJPs 737
  • After Airtel and Vodafone-Idea, Jio also indicates that tariffs will be raised from December
  • Sources in Shiv Sena say that they might revive the alliance with the BJP if it offers the 50:50 deal
  • A miffed Sanjay Rout of the Shiv Sena says that it will take "100 births" to understand Sharad Pawar
  • Mobile operators Vodafone-Idea and Airtel decide to raise tariffs from next month
  • Sharad Pawar meets Sonia Gandhi and says more time needed for government formation in Maharashtra
  • Justice S A Bobde sworn in as the 47th Chief Justice of India
  • Supreme Court holds hotels liable for theft of vehicle from their parking area if parked by valet, says "owner's risk" clause is not a shield from such liability
  • Finance Minister says she is receiving feedback from many sectors that recovery is happening as there is lower stress
  • Sabarimala temple opens, but police bar the entry of women below 50 years
  • Finance Minister Nirmala Sitharaman says Air India and BPCL to be sold off by March
  • Media person Rajat Sharma resigns as DDCA president
Two Muslim litigants in Ayodhya refuse to accept the Supreme Court order, say review petition might be filed
oppn parties
Political Funding: Clean Up Begins

By Sunil Garodia

About the Author

Sunil Garodia Editor-in-Chief of indiacommentary.com. Current Affairs analyst and political commentator. Writes for a number of publications.
Pic courtesy: thequint.com
The finance minister has taken strong measures to bring transparency in political funding in the budget proposals. Post demonetization and the noise about black money, it was said that political funding was the main reason why black money was generated by businesses and individuals. Another reason why people preferred to pay parties in cash was because they did not want to disclose their names.

Parties were allowed to receive up to Rs 20000 in cash from one source. This measure was abused and large donations were broken into small parcels. This has now been reduced to just Rs 2000. This will bring about a huge difference and reduce black money generation. Parties can continue to receive any amount of funding by cheques or through digital means.

Further, electoral bonds will be introduced which could be purchased in specified denominations from scheduled banks only through cheques or other digital means. Donors can buy these bonds and donate them to political parties. These bonds will be encashable only in the bank accounts of registered political parties. These bonds will ensure that people can donate without disclosing their names. It will also ensure that banking channels are used for such donations, without involving black money.

While these measures alone will not clean up the political system entirely, they will go a long way in bringing transparency and eliminating black money. The government must be lauded for walking the talk and making a beginning.