Amit Shah and his false data on Electoral Bonds | Let Me Explain with Pooja Prasanna
The News Minute・2 minutes read
The BJP received over 21,000 crores in political funding between 2018 and 2024, dominating contributions in India, while other parties also play significant roles in state governance, disproving claims of proportionate funding. Despite the intention of electoral bonds to curb black money, experts argue for banning cash donations as a more effective solution.
Insights
- The BJP received over 50% of the total electoral bond amount given to political parties in India between 2018 and 2024, highlighting a significant concentration of financial support towards a single party.
- Despite the BJP's financial dominance in national politics, state-level parties like DMK, BRS, and Congress govern various states in India, challenging the notion of proportional funding and raising concerns about the effectiveness of electoral bond regulations in curbing black money in political financing.
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Recent questions
What is the purpose of electoral bonds?
To extract money from businesses and curb black money.
Which political party received the highest amount of electoral bonds?
BJP received 8,252 crores, making up 50.3% of the total.
How does the BJP's funding compare to other political parties in India?
BJP received 58% of known political financing, dominating the sector.
What is the criticism against electoral bonds in India?
They do not effectively curb black money in political funding.
Who are some of the political parties governing states in India?
DMK, BRS, and Congress govern various states in India.
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Summary
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"BJP Dominates Political Funding in India"
- Between March 2018 and Jan 2024, a total of 16,490 crores were given in electoral bonds to 20 political parties in India, with the BJP receiving 8,252 crores, making up 50.3% of the total amount.
- The BJP received a total of 12,930 crores through electoral trust and other donations between 2018 and 2023, dominating known political financing in India with a share of about 58%.
- Despite the BJP's dominance in Parliament, India being a federal country with various parties governing states like DMK, BRS, and Congress, disproves Home Minister Amit Shah's claim of proportionate funding.
- Electoral bonds were introduced to extract money from businesses unable to generate black money, but the Supreme Court of India and experts like Shankar Singh and Nan Sati argue that it does not effectively curb black money in political funding, suggesting alternative measures like banning cash donations.
