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The government introduced an Electoral Bond Scheme purportedly with a view to cleansing the prevailing culture of political sponsorship. But the programme’s failings have been so blindingly obvious, and its consequences so utterly devastating to rectitude and transparency in government. Even O.P. Rawat, who just retired Chief Election Commissioner, thought it fit to deliver a damning indictment of the scheme. “There are many grey areas in this because when there is no ceiling on party expenditure and the EC (Election Commission) cannot monitor it, how can you be sure that what is coming in is not black money as there is a secrecy of the donor”.
ELECTORAL BOND:
Role of Reserve Bank of India:
Drawbacks of Present Electoral Bond Scheme:
Two Judgements with respect to Electoral Funding:
Conclusion:
By: ABHISHEK KUMAR GARG ProfileResourcesReport error
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