How does the Electoral Bond scheme impact corporate political donations according to Congress
Electoral bond scheme 'muddied waters' of corporate political donations, according to Congress.
- The Electoral Bond scheme allows corporate entities to donate to political parties anonymously, undermining transparency in political funding.
- Congress criticizes the scheme for enabling a lack of accountability and increased influence of corporate donors on political parties.
- By offering a legal route for companies to donate without disclosing their identities, the scheme raises concerns about potential quid pro quo arrangements between businesses and political parties.
- Opponents argue that the scheme favors wealthy corporations over individual donors, skewing the democratic process towards the interests of big businesses.
- Congress claims that the Electoral Bond scheme has complicated and obscured the already murky landscape of corporate political donations in India.
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