Bonds, big money and an imperfect democracy
Bonds, big money and an imperfect democracy
Current Affairs Daily Editorials
La Excellence IAS Academy | March 30, 2024 | Indian Polity
| Syllabus: GS II, Subject: Polity, Topic: Elections and RPA, Issue: Election reforms |
Issues in Indian Political system:
- Money and vested interests undermine genuine representation in Indian politics.
- Elite interests often dictate policy, sidelining marginalized communities.
- Weak government oversight and corruption enable businesses to resort to illegal practices.
- Money plays a significant role in elections, influencing voting patterns and campaign strategies.
Concerns with electoral bonds:
- Aimed to curb illegal funding but drew criticism for opacity.
- Facilitate legalized bribery, benefiting wealthy donors.
- Scheme loopholes permit untraceable donations, opening avenues for fund misuse.
- Exposes weaknesses in Indian democracy, potentially favoring the ruling party.
Source: The Hindu
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