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Home » Corruption & Accountability, Democracy & Governance, Featured, Politics

White Money in Indian politics: When shall We see that?

Submitted by on July 9, 2014 – 12:46 pm

Only 10 % of the total donations for all the major political parties in India are from known sources. In other words, 90 % donations are from unaccounted sources which means it is a  black money for the recipient. As you may know,a political party can choose NOT to disclose the name of the donor for a donation value of less than Rupees 20, 000. The political parties have been misusing this loophole to their advantage. A major exception is Aam Aadmi Party which documents a donation of even Rs one. This way, AAP voluntarily reveals 100 percent of its monetary donations and the names of donors.

Association for Democratic Reforms (ADR) – an NGO- while analyzing the funding of political parties for the year 2012-13, noted that one of the most common source of income for the political parties is by selling “coupons”.  Well,  selling coupon is an easier way: Sell as many as you can under the value of Rupees 20,000 and no need to take pains to identify the buyer!! You may read further details in the news item by clicking here.

For the sake of records, Indian National Congress raised a bounty of Rupees 425 Crores during the fiscal year 2012, while BJP netted 324 Cr Rupees. I was surprised to see that Communist Party Marxist (CPM) was able to garner monetary donations to the tune of Rupees 126 Crores. Who would  donate for an outdated left ideology which Churchill rightly said “is a  philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery”. 


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