Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago Booth School of Business
Rohit Lamba and I wrote this piece in the Times of India on why electoral bonds are non-transparent and skew elections towards incumbents. They need serious rethinking. The ball lies with the Supreme Court.
Their should be some tax on Public for election spending so that corruption can be avoided and more honest and educated people join politics.
Well written. It's very important to make the electoral bonds transparent in a country which is known for its crony capitalism for years now. In the 90% of the donors falling in 1 crore slab, not sure how many would have contributed to the party voluntarily and it's unfair to give the access to the list of donors only to the incumbent through the said PSU bank.
Wonderfull.
Hello Sir, the article is very good and depicts the actual worse/opaque situation of electoral funding process of India but here what are your suggestions to resolve these issues? Could you please share them in detail? Thanks for this insightful article. Regards Akhil Mundra
Good insights from data. But what can be solutions for these prolonged problem sir.
Just read, learn and appreciate !
Very Insightful. But what would be the implications if we could put a cap on number of bonds that can be used by a party in elections, to create a more level playing ground.
In which democratic country in the world, election funding is transparent? It is accepted fact that politicians are funded by business entities in general to cover election expenses and ways are designed to keep the source veiled. I see no point in maligning India over this, electoral bonds are improvement over earlier totally opaque funding system.
It is - one of the or the worst - kind of opacity brought on by ones who swear by transparency and SC is taking its own sweet time to decide ! Why ! God only Maaaaay know !
Advocate
2yElection funding is the root of all scams. No true step has been taken to demolish this vicious circle. An electoral bond is just a step to make civilians foolish in the name of transparency.