Operation Clean Money: What About Political Funding?
More than 77 percent of the funding received by India's two biggest national political parties in 2015-16 was unaccounted for, according to a report published by Association of Democratic Reforms, a non-governmental organisation working on electoral reforms.
ADR's report focuses on income and expenditure of the Bharatiya Janata Party and the Indian National Congress based on audit reports submitted by the parties to the Election Commission of India.
The report shows “unknown sources” accounted for 80.7 percent and 71.2 percent of the BJP's and Congress' income in the year when political parties had the liberty to not disclose sources for cash donations below Rs 20,000.

“If transparency is required for every citizen of the country, the same rule should apply for political parties,” said Jagdeep Chokkar, founder member of ADR.
“Are political parties above the law of the land just because they have the authority to make laws through their representatives in Parliament,” he asked, referring to the refusal by political parties to submit themselves to public scrutiny under the Right to Information Act which would allow full access to their accounts and sources of income.

An overwhelming majority of the BJP and Congress' funds in 2015-16 has come from voluntary contributions and sale of coupons.
Defending this number, BJP National Spokesperson Narendra Taneja said BJP, which has 11 crore members, often gets small cash donations from small towns and villages. “Finance Minister Arun Jaitley has said the next step is to cleanse political funding. Our party is trying to reform the system.”
This includes reduction in the level of cash donations from Rs 20,000 to Rs 2,000 in the Union Budget 2016-17 as well as the introduction of electoral bonds.
The Congress' Salman Soz, however, called for “total sunlight on donations where everything is public under the Right to Information Act”, adding that it is up to the government of the day to push these changes.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.