Close to 97 percent of all the bonds purchased so far are in denomination of Rs 10,00,000 and Rs 1 crore. The electoral bonds were first announced in the 2017-18 budget and the scheme was subsequently notified in January 2018. Factly had earlier written about the bonds, their impact on transparency, etc. Data obtained from […]
The Election Commission of India has taken a logical and commendable stand in two of its depositions before the department-related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice. In one it has said that the “introduction of electoral bonds a retrograde step” and in the other it has said that it does “not support state […]
Although the BJP says demonetisation will target unaccounted money, it and other national parties have in the past failed to submit their income tax returns and disclose sources of donations. With its recent move to demonetise high-value currency notes, the government claims to be fighting the problem of black or untaxed money that has become […]
Political parties must be made to account for the bulk of their funding Three actions of the government in the last couple of months seem to give a lie to its intentions on political and electoral funding. Lets start with the latest action. On March 26,it was reported that the government had blocked the Election […]