Electoral funding

  Syllabus: general studies paper 2 Context: Electoral funding of political parties lacks transparency. Over the years, many steps are taken by the government to make it a more secret affair Introduction: In 2014, the delhi high court heldthat both main national parties (congress and bjp) were guilty of accepting donations illegally. They both accepted donations from companies registered in india but who’s controlling shareholders was a foreign company. The court held that this is a violation of the foreign contribution (regulation) act (fcra), 1976. In 2016 and 2018, thegovernment amended the fcra through the annual finance bills. These bills exempt political parties from the....Read More