It is an open secret that big corporate companies inject huge funds into political parties at the time of elections. For that reason, the corporate giants have more influence over the political parties, than the people who have voted to elect their representatives to make sure that their voice is heard in the platforms where it is needed. Isn’t it a threat to the democracy of the world’s largest democratic country?
A senior intellectual has expressed dissatisfaction about the way in which the country manages the election funds or election donation issue.
There is no dispute that there is a lack of transparency in the way the political parties procure funds and utilise it.
The person has opined that though some significant moves were initiated to ensure the transparency of the election donation issue, such as the move to reduce the limit of cash contribution to the political parties from nearly twenty thousand Indian rupees to two thousand Indian rupees and the move to direct the political parties to disclose the name of those who donate more than twenty thousand Indian rupees each year, the provisions like the election bonds derailed the well-thought-out initiatives.
The intellectual has asserted that the introduction of the fool-proof system of ‘state funding of election’ is the only way to overcome the transparency issue in which the whole electoral system has fallen into.
Is there any other suggestion?
Vignesh. S. G
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