Speak out India: Parties lined by corporate funds
- 5 years ago
A latest report published by a Delhi-based NGO, Associationfor Democratic Reforms (ADR), has revealed that nearly 90 per cent of donations received by political parties in between financial years 2004-05 and 2012-13 are from unknown sources.
This raises a pertinent question over the transparency of political parties who have always shied away from making the source of their Funds public. As per the Supreme Court's ruling, the political parties are required to furnish PAN details of donors contributing Rs 20,000 and above.
But, even the authorities like income tax department and the Election Commission have no details about 90 per cent of the donors of national political parties.
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This raises a pertinent question over the transparency of political parties who have always shied away from making the source of their Funds public. As per the Supreme Court's ruling, the political parties are required to furnish PAN details of donors contributing Rs 20,000 and above.
But, even the authorities like income tax department and the Election Commission have no details about 90 per cent of the donors of national political parties.
For More information on this news visit : http://www.newsx.com/
Connect with us on Social platform at : http://www.facebook.com/newsxonline
Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive