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Transparency and minimising illicit funds in electoral finance – party income, campaign funds and expenditure – is hands-down the biggest challenge for democracies the world over. State funding of elections is followed in several countries, mostly in Europe, and in some states of the US. Germany’s state funding model is considered the most equitable practice. State funds can reduce parties’ dependence on corporate donors and networks at the local level.
IndiaTransparencyMoneyIllicit-fundsElectoral-financeElectoral-bondsElectionsElection-fundsTune in to the latest episode of The Morning Brief as host Anupriya Nair, alongside Anubhuti Vishnoi, and Raghav Ohri, delves into the aftermath of the Supreme Court s verdict on the Electoral Bond Scheme in India. With election expenditures skyrocketing to alarming figures, reaching ₹60,000 crores in 2019 as per reports and projected to hit ₹1 lakh cr in 2024, the conversation navigates the complex intersection of money and politics in India. Can the funding flaws in electoral finance be fixed? We seek insights from former Chief Election Commissioners S.Y. Quraishi, OP Rawat, and Commodore Lokesh Batra (Retd.) IN - 1967, Transparency Campaigner on whether clean and non-corrupt electoral funding is achievable or if it remains an elusive goal. Listen now for a nuanced exploration of the feasibility of fixing funding flaws in Indian elections! Credits: India Today
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