Union Government finalising Electoral Bonds Scheme

Posted on:30 Sep 2017 09:43:46
Union Government finalising Electoral Bonds Scheme
30 September 2017 Current Affairs: The Union Government is finalizing electoral bonds scheme in order to bring greater transparency in the funding of political parties.

The scheme was announced in 2017-18.

According to Association for Democratic Reforms (ADR), most political parties use lax regime on donations to accept cash donations from anonymous sources.

Nearly 70% of Rs.11,300 crore in party funding over an 11-year period came from unknown sources.
The Union Government is finalizing electoral bonds scheme in order to bring greater transparency in the funding of political parties.

The scheme was announced in 2017-18.

According to Association for Democratic Reforms (ADR), most political parties use lax regime on donations to accept cash donations from anonymous sources.

Nearly 70% of Rs.11,300 crore in party funding over an 11-year period came from unknown sources.

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