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Political finance covers all funds that are raised and spent for political purposes. Such purposes include all political contests for voting by citizens, especially the election campaigns for various public offices that are run by parties and candidates.
India’s political finance regime is plagued by four major infirmities:
Government has introduced the following measures through budget proposalsand other executive and legislative actions:
There have been sufficient loopholes left unplugged and new ones created which has caused dramatic mismatch between what ails political finance in India and the government’s reform measures. For e.g. “Electoral Bond” funds will flow through the banking system (rather than under the table), corporations are neither obliged to disclose their purchases nor are parties required to report their deposits.
In light of measures taken by government to fight black money and to ensure complete transparency in political funding, political parties should be brought under RTI because:
Political Parties’ response on inclusion under RTI Act:
Conclusion:
By: Harman Sandhu ProfileResourcesReport error
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