Electoral Bonds hit Transparency in Political Funding: Election Commission (EC)

Contrary to government claims, the Election Commission of India told the Supreme Court that electoral bonds can wreck transparency in political funding in India.

Election Commission’s Prediction

• According to EC, Electoral Bonds coupled with the removal of cap on foreign funding, can invite foreign corporate powers to impact Indian politics.
• Donations received through electoral bonds would cause a serious impact on transparency in funding of political parties.
• The EC also condemned the amendments made to the Representation of the People’s (RP) Act of 1951, the Income Tax Act and the Companies Act and Foreign Contribution (Regulation) Act of 2010 through the two ....