Electoral bonds are a half measure at best3 min read . Updated: 09 Jan 2018, 01:52 AM IST
Without improving regulatory frameworks for greater transparency in the finances of political parties, changing the means of donations will have little impact
Bringing about effective electoral finance reform in India requires political acknowledgement of an obvious truth. Measures of the kind announced in the Union budget last year will have limited effectiveness, or worse, be counterproductive, if they are not accompanied by the will to police the political establishment. The electoral bonds initiative detailed—if sparsely—by finance minister Arun Jaitley last week, makes this mistake.
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