Question Q.3GS2GS2
चुनाई बांड एक द्वैध हलवार है, जो दानदाताओं को गोपनीयता प्रदान करता है जबकि राजनीतिक विषपण में पारदर्शिता लाने की चाह रखता है। चुनाई बांड को और कितना स्पष्ट किया जा सकता है? "Electoral bonds are a double-edged sword, providing anonymity to donors while raising concerns about transparency in political funding." To what extent electoral bonds further legitimised opacity in electoral funding?
Main Body
Electoral bonds are interest-per bearer bonds introduced in Finance Act 2017 to create new mode of electoral funding.
Provided anonymity to donors:-
1As they are bearer instruments, identity is unknown.
2They can be resent to other donorsee.
3Protect electoral from political untrue-action and harassment.
However, whilst indirect secret specify they have legitimized opacity:-
Lack of transparency in funding:-
1Asymmetry is information:- (voting party can know the donor from public bank (SBL)
2Citizens' Dimension :- It goes against 21) Right to (know) which is protected under freedom to freedom & Expression (Article 19(1)(a)).
3Remove expected to corporate donors in Companies Act 2013:- 2.9) Can become listed for opaque shell company, remaining on black money.
3.2) Seen Commission in 25+4 report said any opacity lead to a) crony capitalism b) spoils system in election
4Changes to FECA Act:- allows funding from foreign donor:- further brings unchecked influence of foreign entities.
5Changes to FPA Act:- parties do not have to report donation to election commission.
WAY FORWARD:-
1Form Political Action Committee (like USA) to channelize cash flow 2) Statutory Committee recommendation of state funding of election an be explored to reduce spacious in election funding
201 words8 paragraphs
Conclusion
Statutory Committee recommendation of state funding of election an be explored to reduce spacious in election funding
17 words
Topper
Eshani Anand
AIR 792023
Subject & Paper
GS2GS2
Topic
Salient Features of the Representation of People's Act
Electoral Reforms
Electoral Bonds and Transparency
Writing Stats
218
Total words
8
Paragraphs
analytical
Tone