Electoral Bonds need to be fixed

The amendments to the Finance Bill 2017 removed: (i) The limit of 7.5 per cent of net profit of the last three financial years, for contributions that a company may make to political parties. (ii) The requirement of a company to disclose the name of the political party to which a contribution has been made.

• With this change, the companies were allowed to offer, and political parties receive unlimited corporate funding without any obligation to transparency.

Were these incentives not enough to facilitate political funding? What has prompted the government to come up with electoral bonds?

The fact of the matter is that despite several concessions, it was not easy to make fat cash donations. With the help of electoral bonds, the big cash contributions will land in political accounts through the banking channel while the identities of donors will only be known to the political parties. No surprises if black money travels to political accounts via electoral coupons, purchased from the bank with forged identities (KYC).

It is time to pose some straight questions to the government:

1) Why should political contributions get a double (company and political party) tax exemption? What charity is being served with this funding?

2) What is the harm in telling the country who is paying how much to which party?

Political funding is at the core of India's corruption. Irrespective of the government at the helm, India’s political funding is running a massive scam incessantly.

Now, we are required to be extremely strict with our politicians, or else we have to accept that whichever party is in power and howsoever popular the leader is, this darkness will never end more  

View all 14 comments Below 14 comments
DESPITE THESE ELECTORAL BONDS AND THE POPULARITY OF THE HON'BLE PRIME MINISTER , THE B.J.P. COULD NOT MUSTER THE REQUIRED MAJORITY FOR FORMING THE GOVT. IN MAHARASHTRA . WHY ?? THE ANSWER, MY FRIENDS , HAS BEEN BLOWING IN THE WIND EVER SINCE THE BULLET TRAIN PROJECT WAS ADOPTED , YES, ADOPTED , BY THE B.J. P. IN 2004. I HAD THEN PREDICTED, THAT THIS PROJECT WOULD BE USED , LIKE A BIG STICK, TO DEFEAT THE B.J.P. IN FUTURE ELECTIONS. THIS IS EXACTLY WHAT HAPPENED RECENTLY, IN MAHARASHTRA. THE RWAL "POWER" IN MAHARASHTRA STATE , IS NONE OTHER THAN PAWAR'S POWER PLAY, WITH THOUSANDS OF CRORES OF BLACK MONEY AND LAKHS OF SUGARCANE FARMERS TO SUPPORT HIM,.

ANOTHER IMPORTANT PREDICTION I HAD MADE , WAS THAT THE VAST AMOUNT OF ILLEGAL WEALTH OF THE CONS-GRESS LEADERS , ESPECIALLY MALLIKARJUN KHARGE, WOULD BE PUT TO MAXIMUM ADVANTAGE , IN DEFEATING THE B.J.P. AGAIN AND AGAIN.

MONEY POWER AND MUSCLE POWER WERE THE MAIN WEAPONS USED AGAINST THE B.J.P. THE CENTRAL GOVT. IS BEING WEAKENED BY HIGHLY MEDIOCRE TYPE OF ADMINISTRATIVE BABBOOS, IN ALL SPHERES. ESPECIALLY THE AGRICULTURAL SECTOR. HOW PATHETIC FOR THE MODI GOVT. 'S IMAGE !!!!

BETTER IMPROVE THE SITUATION SOON OR THERE W8ILL BE MORE ELECTORAL FAILURES . THE ROLE OF THE SHIV SENA WAS AS EXPECTED. IT WAS A DO OR DIE SITUATION WHICH COMPELLED THEM TO MAKE ADJUSTMENTS WITH THE CONS. more  
Funny, anyone can purchase the bond without disclosing their identity, but when a certain party en cashes this bond, even the party's identity is not asked? So, one cannot guess how much each party got from this largess? Andhe nagri..... more  
THE ELECTION FUNDING NEEDS MAJOR REFORMS TO RULE OUT CORRUPTION. HOW AND WHEN - A BIG QUESTION more  
Govt formed on political funding which is done by companies. more  
Political fund must be transparent as it is the core of India's corruption. more  
Post a Comment

Related Posts

    • Together Against Corruption

      Needless to say,the corruption is in our blood. In Covid pandemic:we could have done better,but the "C" factor influences most of the business and political communities. 1. Remdesiv...

      By ANANTPADMAKAR AYYA
      /
    • Neta Corruption through Police

      This is also an example of corruption that prevails in every state of India pretty much. Corrupt Neta ji sets targets and then get machinery to collect. Machinery collects a bit more and...

      By Vikram Gupta
      /
    • Our halla on transport corruption worked

      Ministry of Road Transport has launched Aadhar-authentication based contactless services Now applying for learner' s license, DL renewal & duplicate DL, registration application for...

      By RN Chopra
      /
    • Corruption in Resident welfare Associations

      I am a member of a resident welfare association. Recently (28.12.20) I demanded an inspection of documents including an advocate's bill reportedly paid for a huge and disproportionate amount to def...

      By LOGANATHAN KOTHANDARAMAN
      /
    • Conversation between Republic CEO and BARC - Ex CEO from Mumbai Police

      Please find attached chat transcript between Arnab Goswami of Republic and ex BARC CEO. Highlights corruption in media esp in regards to TRP scams. Also shows who is aligned with who. The biggest s...

      By Anonymous Circle member
      /
    • Corruption Corruption Corruption

      If we recall, both the Centre as well as the Delhi authorities (I mention Delhi because we live in this city) had openly and boldly declared as one of their major election manifestos "to end and ...

      By Satya Pal Ratti
      /
    • overloading of trucks

      this is quite a common phenomenon in india from the last 50years...manufacturers,whether,tata/leyland, always provide an extra leeway depending upon the capacity of the truck.but truck owners in o...

      By Suresh Dasarathy
      /
    • Overloading of trucks corruption

      One of the most common forms of corruption is transport officials permitting overloading of trucks and taking a cut. This circle should brainstorm what should be done to cut this corruption and ins...

      By Sudesh Rai
      /
    • Suspected Corruption in NHAI

      I long suspected high CORRUPTION in NHAI with contractors using free roadside rock stones to build roads and trees uprooted with disappearance of wood without any trace and accountability. Perhaps ...

      By Darshan Sharma
      /
    • Investigating Corrupt Politicians

      So this week Motilal Vora of Congress passed away. Its common language to many that he has 8-9 homes in different names in lutyens area. Use to handle cash for Sonia Gandhi. Was even CM Madhya Prad...

      By Ruchika L Maheshwari
      /
    • Farmers vs Crony Capitalists

      Look at the order and the date. Nearly a month before the agri ordinances were approved by the cabinet, Haryana govt permitted the setting up of a warehouse by the Adani group on more than 22 acres...

      By B.D. Mukherjee
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)