Scheme of Electoral bonds was first released in Budget-2017 to reform political funding. On January 2, 2018, the central government has outlined the contours of this scheme. Electoral Bonds: Salient Features Electoral Bonds are like promissory notes (not themselves are PNs) The Electoral Bonds are kind of promissory notes that can be bought by any ..
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 ..
On January 3, 2017, the Supreme Court has ruled that “religion, race, caste, community or language would not be allowed to play any role in the electoral process” and that election of a candidate would be declared null and void if an appeal is made to seek votes on these considerations. The same bench was ..
Major issues concerned with the Election finance reforms include – Limits on political contributions and party and candidate expenditure; disclosure norms and requirements; and State funding of elections. These issues are governed by RoPA, the Conduct of Election Rules, 1961; Companies Act, 2013; Income Tax Act, 1961; Foreign Contribution (Regulation) Act etc. Existing regulations Limits on Expenditure Between Rs. 54-70 lakhs for Parliamentary ..
Parliament of India had enacted two acts viz. Representations of Peoples Acts (RoPA), 1950 and RoPA, 1951 to provide a detailed framework around free and fair elections in the country. The 1950 law makes provisions for allocation of seats in Lok Sabha and Legislative Assemblies, Delimitation of Constituencies, Qualifications of voters, Manner of filling the seats ..