How can the lack of transparency in political funding impact the democratic process in India
The news highlights concerns about some parties not revealing donor names and particulars related to electoral bonds, affecting transparency and accountability in political funding.
- Diminished trust: Lack of transparency in political funding can erode public trust in the democratic process, as it raises suspicions of corrupt practices and influences.
- Unfair advantage: Parties receiving undisclosed funds may gain an unfair advantage over others, resulting in a skewed political landscape where money dictates influence more than public support.
- Decreased accountability: Without knowing the sources of political funding, it becomes difficult to hold parties accountable for their actions and decisions, leading to a lack of transparency in governance.
- Undermining democracy: The intrinsic value of democracy, which relies on transparency and accountability, is compromised when political funding operates in secrecy.
- Potential for illegal activities: Non-disclosure of donor details also opens the doors for illegal activities like money laundering and corruption to seep into the political system, further undermining its integrity.
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a year ago