Business Standard

Truth about political funding

Without transparency, there can be no reform

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Business Standard Editorial Comment
Ever since Prime Minister Narendra Modi announced demonetisation in order to curb the use of black money, a recurring theme in public discourse has been the use of such unaccounted wealth in financing political parties. Over the years, there have been several attempts in the form of Supreme Court and high court rulings and amendments to the Representation of the People’s Act, 1951, to address the situation, but evidence suggests that such efforts have largely failed to resolve the issue. In fact, the unhealthy use of black money and the lack of transparency in the functioning of political parties continue

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