Political Funding Current Affairs, GK & News

EC asks Political Parties to Comply with SC s order on Electoral Bonds

In an interim order given by the Supreme Court (SC) in response to petitions filed by the NGO Association for Democratic Reforms (ADR) challenging the electoral bond scheme, the political parties were asked to furnish the details of receipt through Electoral Bonds to the Election Commission (EC). Interim Order of the Supreme Court? Political parties ..

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SC directs political parties to furnish receipts of electoral bonds in to EC

The Supreme Court has directed all political parties to furnish details about the receipts of electoral bonds in a sealed cover to the Election Commission. Electoral Bond Scheme The government had notified the Electoral Bond Scheme 2018 on January 2, 2018. As per provisions of the Electoral Bond scheme, electoral bonds may be purchased by ..

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Government announces details of electoral bonds for political funding

The Union Government has announced details of electoral bonds for political funding that can be routed by donors to political parties. The electoral bonds scheme was announced in Union Budget 2017 with an aim for increasing transparency in political funding. It makes India first country in the world to have such unique bonds for electoral ..

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Anonymous Funding of Political Parties

In his budget speech on February 2, 2017 the Finance Minister Arun Jaitley proposed to bring down the amount of anonymous contributions by individuals to political parties from Rs. 20,000 to Rs 2,000. This proposal was made following a recommendation by the Election Commission calling for transparency in collection of funds by political parties. Although ..

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Political Funding in India: Overview of Rules and Recent FCRA Amendment

The funding of political parties is one of the major issues related to election finance reforms in India. Other major issues include political expenditures, disclosure norms, state funding of elections etc. The issue of political funding pertains to various laws including RoPA, Conduct of Election Rules, 1961; Companies Act, 2013; Income Tax Act, 1961; Foreign Contribution (Regulation) Act ..

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