In A First For Political Parties, JMM Of Jharkhand Discloses Who Has Donated For Them Using Electoral Bonds
Writer: Sanya Kakkar
She is a travel enthusiast. Keeps travelling, seeking adventure and ways to learn from and interact with cultures which are very different from her own. She particularly drawn to ancient traditions which are still surviving and evolving. To stories of people working in unique, challenging environments and those who live in close bond with nature. Her main goal as a journalist is to create combine a sense of story which conveys the truth.
Jharkhand, 19 April 2021 11:47 AM GMT | Updated 19 April 2021 2:54 PM GMTcheck update history
Editor : Kishan Rao A S |
He believes in the philosophy of it is not a race to win but to create his own track. He has his opinions and realizes that every day is a learning.
Creatives : Vijay S Hegde
I am a creative, artistic and ambitious designer, with a talent for thinking outside the box and coming up with innovative ideas and designs. I graduated with a 1st Class honors degree in Video Editing from MAYA ACADEMY OF ADVANCED CINEMATICS
Electoral bonds is a scheme widely criticized by activists, introduced by the central government that enabled anonymity in donations to political parties.
In a first by any political party, Jharkhand Mukti Morcha (JMM) has revealed it's contribution report of 2019/20 to the Election commission that it has received Rs 1 crore from Hindalco Industries through an electoral bond. Hindalco is a copper and aluminium manufacturing company, also runs an Alumina refinery in Jharkhand's town of Muri. The contribution came via bond number AAACH1201R issued by the court compound branch of State Bank of India.
A Scheme That Has Hurt Transparency
Electoral Bonds for political donations were first announced in the union budget of 2017 and introduced in 2018. This scheme has been challenged in the courts by political activists for its lack of transparency and its ability to enable anonymous donations and crony capitalism. The information of electoral donation was shared by Shelly Mahajan who leads the Political Party Watch team at Association for Democratic Reforms (ADR), a non-profit organization working in the area on electoral and political reforms.
Electoral Bonds Dominates The Contributions
Electoral bonds offer anonymity to donors and thereby making it a popular form of donation, particularly among the high value donors. More than half the total income of national parties and the regional parties analyzed by ADR for 2018-19 came from electoral bonds donations. For TMC and BSP Electoral bonds contributed 50.44 percentage of their total income whereas for BJP it stood at 60.17 percent, a huge 1660.89 crore of their total income of 2760.20 crores.
Court Slams The Door Despite Concerns
ADR had approached the Supreme court on March 25 to stop the sale of Electoral bonds ahead of the assembly elections in West Bengal, Assam, Tamil Nadu and the union territory of Puducherry. The plea though was dismissed.However in its earlier ruling the apex court had expressed concern on alleged misuse of these political contributions for political rallies, violent protests, or funding terror and asked the central government how they plan to control the end usage of these political contributions. As reported by The Indian Express, separately, an RTI query had revealed that the Government spent Rs 4.10 crore to SBI as commission to donors of political parties and Rs 1.86 crorefor printing these Electoral bonds.
ALSO READ: Shortage Of Covid Beds In Delhi - Total Lockdown Inevitable?