Electoral bonds: Do the govt's proposals make party funding transparent?

After GST, the government now plans to shift focus to electoral funding reforms

With the government machinery busy in rolling out the GST regime in the country, the Finance Minister, Arun Jaitley has hinted at what his government’s next big focus area is going to be. 

"In the immediate future, after GST process is complete ...We are looking forward for some major steps to be announced by which we want to cleanse the whole process of political funding," said Jaitley on Wednesday.

This follows the FM’s announcements in his budget speech on 1 Feb, 2017. In the speech, he made two announcements. These were:

1. Reduction in limit for cash donation to political parties from