Coffeehouse for desis
Would you like to react to this message? Create an account in a few clicks or log in to continue.


The Chaddi assault on Indian Democracy: The Big Corporate Takeover of Political Funding in India

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

Go down

The Chaddi assault on Indian Democracy: The Big Corporate Takeover of Political Funding in India Empty The Chaddi assault on Indian Democracy: The Big Corporate Takeover of Political Funding in India

Post by Guest Thu Mar 30, 2017 3:15 pm

Tunday kababs were thought to be near-extinction, anti-Romeo squads are on the prowl, Yogi Adityanath is scrunching his nose in disapproval at paan-stained walls and his ministers are angrily sweeping office corridors, because, Swachh Bharat.
While news channels were tripping over each other to broadcast the Uttar Pradesh chief minister’s very own ‘Truman Show’, the big boss at the Centre passed the Finance Bill 2017 in the Lok Sabha. With a voice vote, amidst a walkout by the Congress and the BJD.

The brazenness with which the government clubbed non-money related clauses in a money bill to avoid a debate in the Rajya Sabha is only half the story. Among the contentious amendments that have failed to get adequate attention, is the one on political donations.

Not only has the government removed the limit on the amount companies can donate to political parties, it allows it do so without naming the political party.

Currently, a company may contribute up to 7.5 percent of the average of its net profits in the last three years to political parties. The company is required to disclose the contributions made to political parties in its profit and loss account, along with the name of the political parties to which such contribution was made.

The amendments to the Finance Bill 2017 propose to remove: (i) the limit of 7.5 percent of net profit of the last three financial years, for contributions that a company may make to political parties. (ii) The requirement of a company to disclose the name of the political party to which a contribution has been made.

https://www.thequint.com/politics/2017/03/25/finance-bill-2017-anonymous-political-donations

Guest
Guest


Back to top Go down

The Chaddi assault on Indian Democracy: The Big Corporate Takeover of Political Funding in India Empty Re: The Chaddi assault on Indian Democracy: The Big Corporate Takeover of Political Funding in India

Post by Guest Thu Mar 30, 2017 4:03 pm

essentially, what the chaddis are doing is legalizing corruption.

Guest
Guest


Back to top Go down

Back to top

- Similar topics

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

 
Permissions in this forum:
You cannot reply to topics in this forum