Election funding in India remains an opaque, black money-driven exercise, and the ‘reforms’ have only made it worse.
On January 7, 2017, two months after he had announced a ban on the circula tion of Rs 500 and Rs 1,000 currency notes, Prime Minister Narendra Modi, addressing the national executive meeting of the BJP in Delhi, said there was a need to make political funding more transparent and that his party was in favour of electoral reforms.
This government has introduced three major changes since in the mechanics of political funding in India— political parties can now receive foreign funds; any company can donate any amount of money to any political party; and any individual, group of people or company can donate money anonymously to any party through electoral bonds.
This story is from the November 19, 2018 edition of India Today.
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This story is from the November 19, 2018 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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