What's New :
IAS Mains 2024: Complete (GS & Optional) Syllabus Revision & Updation. Get Details
18th November 2022 (9 Topics)

Opaque political financing could cost democracy dear

Context:

The design of electoral bonds leans to the advantage of the ruling party. It makes important that independent institutions check the shortcomings of electoral bonds.

Role of Political Financing:

  • Institutional: Lack of transparency in electoral bonds renders the power of the Election Commission of India (ECI) irrelevant in terms of ensuring a level-playing field.
  • Organizational:It determines whether the power is drawn from organizational structures or exercised in a personalistic manner.
  • Ideological:The ideological basis of political competition tends to become severely corroded when there is a narrow concentration of economic capital.
You must be logged in to get greater insights.

Verifying, please be patient.

Enquire Now