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Tuesday, October 4, 2022

The limit of cash donation to political parties should be reduced from 20 thousand to two thousand: Election Commission

The Election Fee has proposed that the utmost restrict of one-time money donations to political events ought to be lowered from Rs 20,000 to Rs 2,000 and the restrict of money within the complete ought to be restricted to a most of 20 per cent or Rs 20 crore in order that Electoral donations might be free of black cash. Sources gave this data on Monday.

Sources associated to the federal government mentioned that Chief Election Commissioner Rajiv Kumar has written a letter to Union Legislation Minister Kiren Rijiju recommending some amendments within the Illustration of the Individuals Act. He mentioned that the aim of the suggestions of the fee is to enhance and convey transparency within the system of donations to political events. This step has been taken by the fee when it not too long ago eliminated 284 such events from the registered checklist which weren’t complying with the principles. The Revenue Tax Division had additionally not too long ago raided the premises of a number of such political models on costs of tax evasion.

Sources say that the Election Fee has advocated that the utmost restrict of one-time money donations to political events ought to be lowered from Rs 20,000 to Rs 2,000. As per the present guidelines, political events need to disclose all donations above Rs 20,000 and report back to the fee.

Sources mentioned that if this proposal of the fee is accepted by the Legislation Ministry, then all donations above Rs 2000 should be reported to political events, which is able to enhance transparency. The fee has additionally really helpful {that a} most of 20 per cent of the overall donations acquired by any political social gathering ought to be in money or Rs 20 crore. The Election Fee additionally desires that in the course of the elections, candidates ought to open a separate checking account for the election and all of the transactions ought to be accomplished from this account and this data must also be given within the particulars of election bills.

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