- Home
- Prelims
- Mains
- Current Affairs
- Study Materials
- Test Series
Transparency in election funding is must to strengthen electoral democracy?.
Elections in India are costly affair that takes lots of resources. Political parties ask for funds to fight elections from private as well as corporate entities. The donors of the parties remain confidential, preventing voters from knowing their identity and motive for funding.
Issues in election funding
- No cap on funding Currently, there is no cap on the amount that can be donated to political parties. This has allowed ruling parties to gather majority of funding.
- Non disclosure of identity Identity of the donor remains confidential. If the identity is not known, people cannot decide if there is a hidden agenda behind donation.
- No rules and regulations There are no laws in the country that define election funding or regulate the ways funds can be given to political parties.
- Working for welfare of people If private entities fund political parties, then the government in power will be obliged to work for the donors instead of people.
- Level playing field Many good candidates are unable to fight elections because of lack of funds. If financing is regulated, it makes the field level for all candidates.
- RTI Political parties should come under RTI act so that their operations are in public domain. This keeps them from misusing their authority.
- Monitoring There should be specialized body that will monitor election funds as well as spending by parties and candidates.