Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts

Dec 21, 2016

Election funding in India is being increasingly questioned after DeMonetisation

In India election funding is not transparent, political parties are not required to reveal the donation details under the law. Given this scenario it is quite usual for Political parties to trade charges against each other for corruption. 

Both the ruling party and opposition has received funding running up to elections in 2016 running into Crores in Indian currency, but who were the donors will never be known to the Indian public given the existing rules. 

This gives rise to suspicion regarding the source of the money and is alleged to be tax evaded money.

In recent years since there was lot of public interest and  movements against corruption  resulted in  launching of new political parties who brought their funding public domain for the first time in history of political scene in India . 

But this fair practice has not spread to other political parties in India who cater to their vote banks and have reservations.

These donations no one knows are all clean or illegally stashed money hidden away from tax authorities. 

More often tax evaders, bureaucrats and other influential players who have political links often get away lightly, this gives rise to allegations and counter allegations of misappropriation against parties.

Also it becomes cumbersome for Govt machinery to fight corruption often resulting in interference and long non ending court cases which don't see light of the day.

Election Commission has advised Govt recently to look into allegations of fake Political parties scandal which might have took advantage of converting new currency after the DeMonetisation of 500 hundred and 1000 rupee notes in India in early November mainly because of this loophole. 

Given the amount of illegal conversion of money, there is a question against the Govt.'s resolve to fight corruption on all fronts including source of election funding money.