INDIAN ELECTIONS HAVE LOST LEVEL PLAYING FIELD DUE TO FAULTY SYSTEM OF POLITICAL FUNDING
CORPORATE CONTRIBUTION TO THE PARTIES LACKS TRANSPARENCY BENEFITTING RULING PARTY
2022-12-06 14:53
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The ongoing slugfest between the BJP and opposition parties over the serial raids on opposition leaders may or may not have merits of witch-hunt. But one uncomfortable fact which is coming up before public eyes is that the Indian political system has been thrived on cash economy. Much of it, is to be blamed to the opaque political funding system in India since independence. In the veil of this opacity the personal wealth creation takes place. The fault line lies on the very fact that political parties repose responsibilities to their leaders to raise fund in a decentralized model by earmarking territory like a state or a region or even a district. This creates a fiefdom of power of the Fund-Raising-Responsible leaders and along the way some unscrupulous leaders also generate amass wealth. This system of political funding has been practiced and performed over the decades. This is the ultimate mother of all corruptions in India.