Poll panel seeks ban on secret funds to parties

August 11, 2013

Secret_fundsNew Delhi, Aug 11: The Election Commission is turning the heat on political parties and candidates by insisting that they should not accept “anonymous donations,” thus restricting funding to MPs and MLAs depending on the limit during the elections.

The fresh move is likely to come as a jolt to the parties which are resisting a right to information (RTI) scrutiny.

Earlier, the Supreme Court said in two separate verdicts that politicians who are in jail should not be allowed to contest elections and those convicted should be disqualified from Parliament and legislature.

These are a part of the Election Commission’s proposal recently submitted to the Law Commission of India, which is entrusted with bringing electoral reforms to plug poll malpractices and preventing use of black money. The Law Commission is collecting views from all stake holders, including political parties, on electoral reforms.

In the proposal, the Election Commission also said that like election expenditure cap on contestants, ceiling should be imposed on campaign expenditure by the parties.

The commission also said receiving of funds through sale of coupons by political parties should be accounted through the issue of proper receipts and maintenance of records.

It said maintenance of separate bank accounts by each contesting candidate for poll expenses should be made mandatory and any transaction above Rs 20,000 not done through dedicated bank account should be treated as not shown in books of accounts and therefore un-accounted both for political party and candidates.

Major suggestion

Another major suggestion made by the commission was a ceiling on campaign expenditure made by the parties for parliamentary and assembly elections. At present, there is no cap on expenditure made by political parties during campaign but there is a ceiling of Rs 40 lakh for each Lok Sabha contestant while it is Rs 16 lakh for each Assembly contestant.

“For the parties, it should be either a fraction (50 per cent) or not more than the expenditure ceiling limit provided for the candidate multiplied by the number of candidates of the party contesting the poll,” said the commission.

The amount of donation given to a candidate by a political party should not exceed the ceiling of expenditure prescribed for the election concerned. Star campaigners (leaders of political parties) should be restricted to 5 or 10 in total per party for by-elections.

Tax relief should be given only for the parties that contest election and win seats in Parliament/State Legislature. Maintenance of accounts by parties should be made compulsory and they should be audited by charted accountants. Audited accounts should be placed in public domain, the proposal added.

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News Network
June 21,2020

New Delhi, June 21: India today recorded the highest single-day spike in infections so far with 15,413 new cases reported in the last 24 hours. The total number of positive cases in India touched 4.11 lakh on Sunday.

As per the Ministry of Health data, the total number of coronavirus cases stands at 4,10,461 cases which include 1,69,451 active cases, 2,27,756 recovered/migrated cases, and 13,254 deaths as per the Ministry of Health data.

With 1,28,205 confirmed cases of COVID-19 so far, Maharashtra remains the worst-affected state in the country, followed by Tamil Nadu with 56,845 and Delhi 56,746. 

Delhi reported its highest single-day increase of 3,630 new coronavirus cases. With this, the state’s tally rose to 56,746. The toll rose to 2,112 with 77 deaths. As many as 7,725 people recovered, taking the total recoveries to 31,294.

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News Network
May 15,2020

New Delhi, May 15: With an increase of 3,967 COVID-19 cases in the last 24 hours, India's tally of coronavirus cases reached 81,970 cases, according to the Union Ministry of Health and Family Welfare on Friday.

According to the latest figures, 51,401 patients are active coronavirus cases while 27,919 patients have been cured/discharged and one patient has been migrated.

With a rise in 100 deaths due to COVID-19 in the last 24 hours, the number of deaths now stands at 2,649.

According to the Health Ministry, Maharashtra is the worst-hit state with regard to the number of COVID-19 cases with 27,524 cases of which, 6,059 patients have been cured/discharged and 1,019 succumbing to the virus.

Tamil Nadu has a tally of 9,674 cases inclusive of 2,240 patients cured/discharged and 66 fatalities.

Gujarat has a total of 9,591 cases which include 3,753 patients cured/discharged while 586 have lost their lives due to coronavirus.

Delhi has a tally of 8,470 cases of which 3,045 patients cured/discharged and 115 fatalities.

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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