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Centre's move to introduce electoral bonds regressive: CPI(M)

Press Trust of India  |  New Delhi 

The CPI(M) today said the Centre's move to introduce electoral bonds was "deeply regressive", which would make the donor, donee and the amount -- each of the three vital aspects -- a "State secret".

In a letter to Minister Arun Jaitley, CPI(M) said the government's move would "shield the donors from the gaze of the electorate, which needs to know if policies are being made precisely because they help some influential donors".

"The measures you have introduced recently, I regret to say, have reversed any move towards transparent and clean political funding that may have been possible. Electoral bonds are a deeply regressive move which will make the donor, donee and the amount, each of these three vital aspects, a State secret," he wrote in the letter.

Yechury added that by lifting the maximum limit on companies for political donations, the had raised the prospect of allowing "shell" companies being set up with to fund political parties.

He also warned that such a step was "seriously injurious to the state of our democracy".

said since currently there was no limit on amounts spent by the political parties on poll campaigns, while there was a limit on the amount that candidates could spend, the policy of the made a mockery of the very idea of having a limit on campaign spending.

He urged the to "bring the expenditures of the political parties within a legal limit, a violation of which would attract stringent punishment".

"I urge the government to take new steps which will make our democracy healthier, more transparent and enable a genuine level-playing field, where a common citizen can find it as easy to contest elections as a moneyed man," the CPI(M) wrote in his letter to Jaitley.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 19:45 IST