oppn parties Political Funding: Clean Up Begins

News Snippets

  • The Army conducts an operational alert exercise in eastern Ladakh
  • The IAF reopened the Vijaynagar advance landing ground, an airstrip in Arunachal Pradesh near the Chinese border
  • Amit Shah says he never sought to impose Hindi
  • Government bans the manufacture and sale of e-cigarettes in India
  • Mamata Banerjee seeks an appointment with Home Minister Amit Shah today
  • Bengal CM Mamata Banerjee meets PM Modi in what she later described as a government-to-government meeting
  • Supreme Court sets a deadline of October 18 for completing the hearings in the Ayodhya case
  • Pakistan rejects India's request for use of its airspace when PM Modi flies to the US later this week
  • Crude prices fall sharply as Saudi Arabia assures normal production in a few weeks. Prices fall by 5.4% to $65.30 per barrel
  • Sensex tumbles 700 points over fears that rising crude prices will deal a body blow to the tottering Indian economy
  • As Rajeev Kumar fails to appear before the CBI despite several notices, the agency forms a special team to locate and apprehend him
  • S Jaishankar says Pakistan is not a normal neighbour and its behaviour is a "set of aberrations"
  • External Affairs Minister S Jaishankar says PoK in Indian territory and the country hopes to have physical jurisdiction over it one day
  • Barasat Sessions court near Kolkata rejects Rajeev Kumar anticipatory bail application citing lack of jurisdiction as the reason
  • PM Modi celebrates his birthday with Narmada aarti and later has lunch with his mother.
Sunni Wakf Board and Nirvani Akhara write to the Supreme Court for a negotiated settlement to the Ayodhya dispute
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.