What is the impact of electoral bonds on the political system in India
Electoral bonds are 'legalised bribery', says Chidambaram
- Electoral bonds have had a significant impact on the political system in India.
- They have been criticized as a form of 'legalized bribery' by opponents, including former Finance Minister P. Chidambaram.
- One of the major concerns is that electoral bonds allow for anonymous donations, which makes it difficult to track the source of funding for political parties.
- This lack of transparency raises questions about the legitimacy of the electoral process and the possibility of undue influence or corruption.
- Furthermore, electoral bonds can potentially favor wealthy donors who can afford to make large contributions, potentially skewing the political playing field in favor of certain parties or candidates.
- Some argue that electoral bonds undermine the principle of free and fair elections by allowing for the influence of money in politics to go unchecked.
- Despite the criticism, proponents of electoral bonds argue that they provide a way for individuals and companies to contribute to political parties in a legal and transparent manner.
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a year ago