Bonds, big money and an imperfect democracy

Syllabus: GS II, Subject: Polity, Topic: Elections and RPA, Issue: Election reforms

Issues in Indian Political system:

  • Money and vested interests undermine genuine representation in Indian politics.
  • Elite interests often dictate policy, sidelining marginalized communities.
  • Weak government oversight and corruption enable businesses to resort to illegal practices.
  • Money plays a significant role in elections, influencing voting patterns and campaign strategies.

Concerns with electoral bonds:

  • Aimed to curb illegal funding but drew criticism for opacity.
  • Facilitate legalized bribery, benefiting wealthy donors.
  • Scheme loopholes permit untraceable donations, opening avenues for fund misuse.
  • Exposes weaknesses in Indian democracy, potentially favoring the ruling party.
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