State funding of polls imply the government providing funds to parties and candidates to fight elections, replacing the existing system of ploughing in private or party funds for the job.
"The Election Commission is not in favour of state funding as it will not be able to prohibit or check candidates' own expenditures or expenditures of others over and above that which is provided by the state (government).
"The Election Commission's view is that for addressing the real issues, there have to be radical changes in the provisions regarding receipt of funds by political parties and the manner in which such funds are spent by them so as to provide for complete transparency in the matter," it said in a written submission before the parliamentary standing committee on Law and Personnel.
On Friday, the committee had discussed electoral reforms with senior EC and Law Ministry officials.
In a consultation floated ahead of its 30 March, 2015 meeting with stakeholders on the issue of political finances, the EC had said, in view of the high cost of election campaigning in terms of media advertisements and public rallies, use of "big money" in politics is a major concern.
"If wealthy individuals and the corporate pay to the political party or the candidate in order to make them listen to them, this undermines the core principles of democracy and transfers the economic inequality to political inequality," the EC consultation paper had said.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
