Reducing anonymous political donations a step forward: ASSOCHAM

No industrial house would like to be identified, whether it donated to one political party or the other, it says

GN Bureau | February 8, 2017


#Political Parties   #Political funding   #donations   #Assocham   #BJP   #Election Commission  
Representational illustration
Representational illustration

The fine print of the electoral bond scheme for donations to the political parties by businesses and wealthy individuals should aim at maximising clean-up of the system and transparency in political funding, said India’s largest and oldest business body.

“Reducing the political anonymous donations limit to Rs 2,000 from Rs 20,000 per individual may not be fool-proof but is certainly a step forward. Along with this the other big move by the finance minister Arun Jaitley to bring in the electoral bonds is an out of box idea.

“While there is a popular pressure for full transparency and disclosure of names of both the donors and the receivers of the political funds, there is also a merit in the government contention about protecting the identity of the donors as their identification could lead to bigger problems,”  ASSOCHAM Secretary General D S Rawat said.

Read: Donations to BJP far more than to other parties: ADR

Rawat said no industrial house would like to be identified, whether it donated to one political party or the other. "This way, business houses could be trapped in political rivalry".  

ASSOCHAM said the fine print of the electoral bonds scheme should be worked in a manner to make it a credible tool of transparency in the election funding.

Alongside, the “idea of state funding of elections should also be considered seriously….the industry which is committed to work for strengthening the Indian democracy would be happy to work with the Election Commission, government, political parties and the civil society to find a common solution to reduce the money power in the electoral process so that well-meaning people who do not have financial resources can also come forward and make a qualitative changes in the Indian policy”, the chamber said.

It said prime minister Narendra Modi’s suggestion of holding simultaneous elections for both the Lok Sabha and the state assemblies should also be considered seriously by all the political parties.

“Besides, exerting a lot of pressure on the administrative machinery of security forces, bureaucracy, teachers, frequent elections in some state or the other lead to enforcing Election Commission Code of Conduct, delaying the developmental schemes. Besides, it also leads to populist competitive politics that may not always be growth oriented. Some of the schemes may yield immediate political dividend, but could be detrimental for long term gains”.

Read: Case for synchronising election cycles

Comments

 

Other News

NHRC notice to UP govt and BHU VC over police action

The National Human Rights Commission (NHRC) has taken suo motu cognizance of media reports about the alleged inaction by the authorities of the Banaras Hindu University (BHU) into a complaint of eve-teasing and subsequent use of unwarranted manhandling and thrashing of agitating students, mostly women, by

Shipping corporation gets gas carrier vessel

 Shipping Corporation of India Ltd (SCI) has taken delivery of a 2001 Japanese built second hand Very Large Gas Carrier (VLGC) on September 14 at Khor Fakkan in UAE. It has been renamed as Nanda Devi.  The corporation’s total fleet strength stands at 70 vessels, aggregating to dea

When rival telecom honchos will share the stage

 When was the last time you saw all rival telecom corporate leaders come together. May be at time of the formal launch of prime minister Narendra Modi’s Digital India programme in July 2015. Telecom’s top brass will again share the stage at the inauguration of the three-day India Mobile Co

RailTel clocks highest turnover of Rs 903 crore

 RailTel has achieved highest ever turnover of Rs 903 crore and clocked a profit before tax (PAT) of Rs 194 crore and net profit of Rs 130 crore in financial year 2016-2017.  RailTel has said that the past year has been remarkable for it as the railway PSU has proved itself to be a key

What ails Banaras Hindu University

From 1969, following an amendment in the Banaras Hindu University (BHU) Act, the university’s executive council is entirely nominated by the president of India on the recommendations of the HRD ministry. None of the executive council members are elected, which dilutes the democratic structure of the

Indian policymakers don’t have much knowledge of SDGs: Report

The highest proportion of policymakers with not much or no knowledge of the Sustainable Development Goals (SDGs) was found in India (38%), said a report by an international advocacy group. Equal Measures 2030, an advocacy group, which spoke to policymakers in India, Colombia, Indonesia, Keny



Video

Rahul targets Modi in Gujrat

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter