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Political funding in India is a major concern under need for electoral reforms in India. The financing of the world's most extensive electoral process remains a perplexing issue, as the involvement of businesses in supporting both disclosed and undisclosed expenditures during elections has been a matter of public knowledge for a considerable period.
An investigative article published by HuffPost India on November 18, 2019, [17] examines a series of documents which show how the Reserve Bank of India was critical of the Electoral Bonds Schemes on multiple occasions, and how the Government of India ignored the concerns of the RBI time and time again and went ahead with its plans for the ...
Next comes the incentives of political parties to field candidates with criminal backgrounds. In India, elections are very expensive with costs soaring every year. Candidates with criminal backgrounds often have wealth earned from illicit methods. This makes them in a position to self finance and thereby reducing the financial burden on the ...
Global analysts cut their forecasts of India's real GDP growth rate for the financial year 2016–17 by 0.5 to 3% due to demonetisation. [ 147 ] [ 148 ] India's GDP in 2016 is estimated to be US$2.25 trillion, hence, each 1 per cent reduction in growth rate represents a shortfall of US$22.5 billion (₹1.54 trillion) for the Indian economy. [ 149 ]
Political party funding is a method used by a political party to raise money for campaigns and routine activities. The funding of political parties is an aspect of campaign finance. Political parties are funded by contributions from multiple sources.
The concept of political finance can affect various parts of a society's institutions which support governmental and social success. [13] Correct handling of political finance impacts a country's ability to effectively maintain free and fair elections, effective governance, democratic government and regulation of corruption. [13]
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Politics of India works within the framework of the country's Constitution. India is a parliamentary secular democratic republic in which the president of India is the head of state & first citizen of India and the Prime Minister of India is the head of government. It is based on the federal structure of government, although the word is not ...