HOW PO­LIT­I­CAL PAR­TIES COL­LECT FUNDS

India Today - - THE BIG STORY / POLITICAL FUNDING -

The pri­mary sources are vol­un­tary do­na­tions, crowd fund­ing, sale of coupons and party lit­er­a­ture, mem­ber­ship drive and cor­po­rate do­na­tion

Po­lit­i­cal par­ties can­not re­ceive more than Rs 2,000 as cash; for do­na­tions above Rs 2,000, they must keep records of donors; most par­ties flout this pro­vi­sion by break­ing higher cash amounts into mul­ti­ples of Rs 2,000 as there is no need to men­tion de­tails of donors for cash do­na­tion un­der Rs 2,000

Lo­cal busi­ness­men and con­trac­tors pay cash or make in-kind trans­fers di­rectly to can­di­dates, not the party

Com­pa­nies can do­nate di­rectly to par­ties or through elec­toral bonds and elec­toral trusts; the donor does not need to re­veal the party he has do­nated to; par­ties need not re­veal who they’ve got funds from

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