Home FEATURED Political Funds Transfer: Has Modi Government brought any change to bring transparency,...

Political Funds Transfer: Has Modi Government brought any change to bring transparency, Know here

359
SHARE
Political Funding, Political Funding in India
Political Funding in India has been amended by the Modi Government

Mumbai: Nothing could be more ironic than Prime Minister Modi’s 1st July address to the Chartered Accountant’s body in Delhi on their Founders Day, where on one hand he exhorts them to be transparent and corruption free and place country above clients, while on the other hand his own govt. has placed party over country, at least on the issue of political funding.

 

The recent amendments proposed in the Finance Bill 2017, to a host of Acts viz.  the Representation of People’s Act, the Companies Act, the Income Tax Act and the RBI Act have been skillfully drafted  leading people to believe that the Govt. deserves a pat on the back when in fact the Govt. has back stabbed them. The execution of the amendments has been brilliant too. At the eleventh hour the Govt. clubbed the proposed amendments as non-monetary clauses in Finance Bill 2017 and got it passed, so that there would be no debate on it in the Rajya Sabha, where it is short of numbers.

 

ALSO READ:  Bill against Fugitive Economic Offenders passed unanimously in Rajya Sabha: Things to know

The main issue here is the ‘Electoral Bond’  which was introduced by the Finance Minister Arun Jaitely in the Budget. Electoral Bonds can be purchased from banks by individuals and corporates and such can be transferred to the political party through banking channels.




Earlier political parties had to record and disclose donations in excess of Rs 20000 in cash or cheque or digital means to enjoy tax exemption under the Income Tax Act. The new amendment in the Income Tax Act however seeks to exempt the new Electoral Bonds from such disclosure. Running parallel to this amendment are also the amendments in the Companies Act which does not make it mandatory anymore for companies to disclose the identity of the political party and the amount of funds transferred through the means of Electoral Bonds in its profit and loss account. To make matters even more grave the Govt. has also removed the cap of 7.5% of the average profit as the maximum that can be transferred to political parties. Thus very large donations can be made to political parties with absolute anonymity. Thus the claim of transparency that the movement of funds being through the banking channel in case of such bonds is just an eyewash in the face of its anonymity.  And to top it all donations to political parties are also not under the purview of The Right to Information Act.

 

ALSO READ:  Biplab Deb Swears-in as The Chief Minister of Tripura, Key Developments

The lowering of threshold of donations made in cash from Rs 20000 to Rs 2000 to political parties now looks like a strategy of the Govt. to divert attention or to avoid the glare on the larger issue of political funding through ‘Electoral Bond’. What people fail to realize is that cash alone is not ‘dirty’ and payments through the banking system alone is not ‘clean’ to comprehend the devious Electoral Bond.

 

ALSO READ:  Senior Congress Party Leader from Mumbai, Mohammad Arif (Naseem) Khan, turns 55, Gets Flooded with Wishes

And thus the headlines of newpapers screaming of a crack-down of black cash in the electoral system post demonetization and the Finance Bill ‘ 2017 seems today to be only a farce.




359 COMMENTS

  1. buy generic propecia no prescription [url=https://finasteride.men/#]Finasteride buy online[/url] buy cheap propecia for sale

  2. how to get zithromax over the counter [url=http://azithromycin.store/#]zithromax best price[/url] where can you buy zithromax

  3. buy cytotec pills [url=http://misoprostol.shop/#]Misoprostol best price in pharmacy[/url] cytotec buy online usa

  4. п»їfarmacia online migliore [url=https://farmaciaitalia.store/#]farmacia online migliore[/url] acquistare farmaci senza ricetta

  5. farmacia online migliore [url=https://avanafilitalia.online/#]comprare avanafil senza ricetta[/url] acquisto farmaci con ricetta

  6. п»їfarmacia online migliore [url=https://tadalafilitalia.pro/#]dove acquistare cialis online sicuro[/url] comprare farmaci online all’estero

  7. mexican mail order pharmacies [url=https://mexicanpharm.store/#]pharmacies in mexico that ship to usa[/url] mexican border pharmacies shipping to usa

  8. cheap clomid without insurance [url=https://clomidpharm.shop/#]where to get cheap clomid price[/url] buy clomid

  9. online canadian pharmacies [url=http://reputablepharmacies.online/#]recommended online pharmacies[/url] northeast discount pharmacy

  10. tadalafil without a doctor’s prescription [url=https://edwithoutdoctorprescription.store/#]ed meds online without doctor prescription[/url] buy prescription drugs online legally

  11. п»їlegitimate online pharmacies india [url=https://indianpharmacy.shop/#]Cheapest online pharmacy[/url] reputable indian pharmacies indianpharmacy.shop

  12. india pharmacy [url=http://indianpharmacy.shop/#]international medicine delivery from india[/url] top 10 online pharmacy in india indianpharmacy.shop

  13. online pharmacy india [url=http://indianpharmacy.shop/#]indian pharmacy[/url] top 10 pharmacies in india indianpharmacy.shop

  14. pharmacies in mexico that ship to usa [url=http://mexicanpharmacy.win/#]mexican pharmacy online[/url] reputable mexican pharmacies online mexicanpharmacy.win

  15. world pharmacy india [url=https://indianpharmacy.shop/#]indian pharmacy paypal[/url] pharmacy website india indianpharmacy.shop

  16. best canadian pharmacy [url=https://canadianpharmacy.pro/#]Canadian pharmacy online[/url] ordering drugs from canada canadianpharmacy.pro

  17. п»їbest mexican online pharmacies [url=http://mexicanpharmacy.win/#]mexican pharmacy online[/url] п»їbest mexican online pharmacies mexicanpharmacy.win

  18. pharmacies in mexico that ship to usa [url=https://mexicanpharmacy.win/#]online mexican pharmacy[/url] pharmacies in mexico that ship to usa mexicanpharmacy.win

  19. pharmacie ouverte [url=http://levitrasansordonnance.pro/#]levitra generique prix en pharmacie[/url] п»їpharmacie en ligne

  20. acheter medicament a l etranger sans ordonnance [url=https://pharmadoc.pro/#]PharmaDoc[/url] Pharmacie en ligne pas cher

  21. Pharmacie en ligne fiable [url=https://pharmadoc.pro/#]Medicaments en ligne livres en 24h[/url] Acheter mГ©dicaments sans ordonnance sur internet

  22. Viagra sans ordonnance pharmacie France [url=https://viagrasansordonnance.pro/#]viagrasansordonnance.pro[/url] Viagra sans ordonnance livraison 24h

  23. Acheter mГ©dicaments sans ordonnance sur internet [url=https://levitrasansordonnance.pro/#]Levitra pharmacie en ligne[/url] Acheter mГ©dicaments sans ordonnance sur internet

  24. amoxicillin 500mg capsules price [url=http://amoxicillin.bid/#]amoxicillin 500mg buy online uk[/url] buy amoxicillin 500mg canada

  25. where can i buy amoxicillin over the counter uk [url=http://amoxicillin.bid/#]amoxicillin without prescription[/url] amoxicillin 500mg capsule

  26. buy amoxicillin online without prescription [url=https://amoxicillin.bid/#]amoxicillin 500 mg tablets[/url] antibiotic amoxicillin

  27. can you get clomid without dr prescription [url=http://clomiphene.icu/#]how to buy generic clomid[/url] how to get clomid without rx

  28. can i get generic clomid prices [url=http://clomiphene.icu/#]clomid pill[/url] how can i get generic clomid for sale

  29. how can i get prednisone online without a prescription [url=http://prednisonetablets.shop/#]prednisone 15 mg daily[/url] prednisone 20 mg

  30. drug prices prednisone [url=https://prednisonetablets.shop/#]prednisone 2.5 mg cost[/url] cheap generic prednisone

  31. canada pharmacy prednisone [url=https://prednisonetablets.shop/#]buy prednisone 10mg online[/url] buy prednisone online no prescription

  32. mail order pharmacy india [url=http://indianpharm.store/#]indian pharmacy online[/url] reputable indian pharmacies indianpharm.store

  33. top 10 online pharmacy in india [url=https://indianpharm.store/#]cheapest online pharmacy india[/url] top online pharmacy india indianpharm.store

  34. mexican mail order pharmacies [url=https://mexicanpharm.shop/#]pharmacies in mexico that ship to usa[/url] mexican pharmacy mexicanpharm.shop

  35. indian pharmacies safe [url=http://indianpharm.store/#]Indian pharmacy to USA[/url] top 10 online pharmacy in india indianpharm.store

  36. canadian pharmacy review [url=https://canadianpharm.store/#]Pharmacies in Canada that ship to the US[/url] global pharmacy canada canadianpharm.store

  37. reputable indian online pharmacy [url=http://indianpharm.store/#]international medicine delivery from india[/url] india pharmacy indianpharm.store

  38. buy prescription drugs from india [url=https://indianpharm.store/#]Indian pharmacy to USA[/url] indian pharmacy online indianpharm.store

  39. top online pharmacy india [url=http://indianpharm.store/#]order medicine from india to usa[/url] п»їlegitimate online pharmacies india indianpharm.store

  40. medicine in mexico pharmacies [url=https://mexicanpharm.shop/#]Online Mexican pharmacy[/url] pharmacies in mexico that ship to usa mexicanpharm.shop

  41. pharmacies in mexico that ship to usa [url=http://mexicanpharm.shop/#]mexican drugstore online[/url] buying from online mexican pharmacy mexicanpharm.shop

  42. indian pharmacy paypal [url=https://indianpharm.store/#]order medicine from india to usa[/url] cheapest online pharmacy india indianpharm.store

  43. price medication [url=http://canadadrugs.pro/#]discount prescription drugs online[/url] canadian pharmacy 365

  44. price drugs [url=http://canadadrugs.pro/#]canadian discount pharmacy[/url] fda approved pharmacies in canada

  45. pharmacies online [url=http://canadadrugs.pro/#]canadian pharmacy prescription[/url] top rated online pharmacies

  46. online shopping pharmacy india [url=https://medicinefromindia.store/#]buy medicines online in india[/url] buy medicines online in india

  47. viagra without a doctor prescription [url=http://edwithoutdoctorprescription.pro/#]ed pills without doctor prescription[/url] viagra without a doctor prescription

  48. prescription drugs online without doctor [url=http://edwithoutdoctorprescription.pro/#]ed pills without doctor prescription[/url] mexican pharmacy without prescription

  49. indian pharmacy online [url=https://medicinefromindia.store/#]online pharmacy india[/url] india pharmacy mail order

  50. cialis without doctor prescription [url=http://edwithoutdoctorprescription.pro/#]best non prescription ed pills[/url] ed meds online without doctor prescription

  51. mexico pharmacies prescription drugs [url=http://certifiedpharmacymexico.pro/#]buying prescription drugs in mexico[/url] mexican online pharmacies prescription drugs

  52. viagra without a doctor prescription [url=https://edwithoutdoctorprescription.pro/#]ed pills without doctor prescription[/url] buy prescription drugs from canada

  53. reputable indian pharmacies [url=https://medicinefromindia.store/#]top online pharmacy india[/url] pharmacy website india

  54. india online pharmacy [url=https://medicinefromindia.store/#]online pharmacy india[/url] indian pharmacies safe

  55. reputable indian pharmacies [url=https://medicinefromindia.store/#]Online medicine home delivery[/url] pharmacy website india

  56. non prescription erection pills [url=https://edwithoutdoctorprescription.pro/#]prescription drugs without doctor approval[/url] viagra without a doctor prescription

  57. buy prednisone online uk [url=https://buyprednisone.store/#]prednisone cream over the counter[/url] prednisone 20 mg

  58. best online pharmacy india [url=https://indianph.xyz/#]buy prescription drugs from india[/url] top 10 online pharmacy in india

  59. diflucan online prescription [url=http://diflucan.pro/#]where to buy diflucan pills[/url] can i buy diflucan online

  60. buy cytotec in usa [url=http://cytotec24.com/#]buy cytotec online fast delivery[/url] buy cytotec

  61. where to purchase doxycycline [url=http://doxycycline.auction/#]doxycycline 200 mg[/url] where to purchase doxycycline

  62. tamoxifen rash pictures [url=http://nolvadex.guru/#]tamoxifen and osteoporosis[/url] tamoxifen cancer

  63. diflucan 150 mg cost [url=https://diflucan.pro/#]where can i buy diflucan over the counter[/url] buy diflucan online uk

LEAVE A REPLY

Please enter your comment!
Please enter your name here