Ban Political Funding
Ban Political Funding It is crystal clear that political parties are funded by the corporate sector. The channelization of corporate finances towards political parties is quite evident even from the legislation in force. Income Tax Act allows deduction under section 80 GGB to companies making donations to political parties and such deduction is allowed sans any limit. This unambiguously hints at nurturing political corporate nexus which is bound to blossom at the cost of welfare and prosperity of the State. Undue favours are very naturally and obviously demanded by the companies making such donations and catered to accordingly as a reciprocal gesture by the persons in saddle or aspiring to be in saddle. There is not an iota of doubt that the vast and poisonous tree of corruption which has spread its branches in almost every section of society has its roots in such funding. Often the excuse is floated that to reach the masses and convey message to the electorate of such vast nati...