S Y Quraishi on electoral bonds: No going back to square one

Syllabus: GS-II, Subject: Polity, Topic: Election and RPA, Issue: Election Process

Corruption in electoral funding:

  • Corruption in elections has been a longstanding issue.
  • Past attempts at reform like the Indrajit Gupta committee’s recommendations falling short due to lack of internal party democracy.
  • State funding of elections is not favored due to difficulty in monitoring expenses and potential for abuse by non-serious candidates.

The way to ensure clean electoral funding:

  • Funding political parties based on electoral performance, to promote transparency and reduce dependence on corporate donations.
  • Total ban on corporate donations and independent audit of party accounts to curb crony capitalism.
  • Establish a National Election Fund to replace electoral trusts.
  • allowing private entities to donate with tax concessions, and reducing fear of reprisal.
  • Many countries worldwide already provide state funds to political parties based on vote share, suggesting feasibility for India.
+1 Advantage for Mains (case study)A 2012 study by the International Institute for Democracy and Electoral Assistance:

·        Out of 180 countries studied, 71 nations provide state funds to political parties based on their vote share.

·        This system is prevalent in 86% of European countries, 71% in Africa, 63% in the Americas, and 58% in Asia.

·        The prevalence of state funding for political parties underscores its widespread acceptance and implementation globally.

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