Finance Bill relaxes corporate funding to political parties, but is it really evil?
The Lok Sabha approved a proposal by the government as part of amendments to the Finance Bill, 2017 that relaxes conditions for corporate funding to political parties. One of the major points of controversy surrounding the move is the confidentiality provided to corporate and removal of limit on funding as regards to proportion of profit previously limited at 7.5 per cent. On the face of it, the move seems to make the political funding system more opaque. However, diving deep, it actually makes sense to remove these restrictions as it allows accounted money from corporate to flow into the political system rather than unaccounted money that finds its way into the system dubiously filtered through multiple channels.
The move may fare better on merit in comparison to the previous system in p...
