The tax authorities should also investigate the extent of the use of ‘shell companies’ by corporations and political parties to indulge in corrupt practices.
Data shows the company has donated a total of Rs 52 crore via electoral bonds, half of this being contributed after its promoter P Sarath Reddy turned approved in Delhi excise policy case.
Data on electoral bonds was submitted to EC by SBI in compliance with deadline set by Supreme Court which had also directed poll panel to make this data public by 15 March.
In an affidavit to SC SBI stated that the date of purchase of each electoral bond, and the name of the purchaser has been furnished to the Election Commission of India.
Striking down the bond scheme on 15 February, the court had ordered the bank to furnish details of purchasers and redeemers by 6 March. The bank wanted time till 30 June.
For the Supreme Court to bless the SBI’s plea for an extension in electoral bonds case until 30 June would be tantamount to stamping on the spirit of democracy while performing its rituals.
The issues raised by the SBI do not appear to be germane to the Supreme Court’s direction. The court’s directions brook no ambiguity: furnish information from record.
Former government officials and bankers involved with the electoral bonds scheme say SBI can’t match donors and receivers in any case, but is using this to justify the delay.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
This argument is akin to retrograde men admonishing women wearing short casual dresses, and terrifying them of being raped if not wearing burqa type dress.
Why would the non ruling/ ruling or receiving/ non receiving party victimise those not donating to it or donating to rival. This means those donating to it would be favoured or incentivised, doesn’t it. So your argument implies existence of rampant crony capitalism.
How can they being victimised if there is rule of law and business contract allotment is fair, or it is not? Your argument implies it’s not.
So how would maintaining confidentiality will solve these problems if they are creating and perpetuating them in the first place.
I couldn’t get past this opinion piece beyond the first paragraph.
1. How do u explain corporations, especially regulated and contractual based corporations, making most donations (or bribing) only the ruling parties, be it BJP in centre and states or Congress in states.
2. What is their motivation behind these act of bribery? Aren’t all these only corrupting the business/ political environment of our country, where honest corporations are discouraged. Aren’t they increasing crony capitalism?
we all know which companies are cronies of the government, don’t we. These companies don’t subscribe to any particular party, they bribe only the party in power. So how would they be victimise? I mean we all know about Ambani and Adani. Ambani, tata, birla etc all have donated to Congress in past, have they been victimised by BJP. No they flourished in BJP ruling as well. so shut your nonsensical thinking.
How could they be victimised by any govt, there is rule of law, not? If not, isn’t we have bigger problem to deal with in the first place. I mean if there is no rule of law how could we have any policy at all.
This ‘would be’ attitude has misguided policy making ever since there are policies. “Don’t empower courts they would subjugate govt” etc. what’s the reality (all over world and history) courts subjugating govt or the OPPOSITE. The reality is that only honest corporations/ business practices and honest parties/policies are victimised. This is the reality, not “would be”.
Instead we must have Completely TRANSPARENT Electoral Bonds and some political maturity that running a political campaign is a costly affair. And u will absolutely see that this revelation of SC only prove my point– It will victimise absolutely nobody. Meh, electoral donations are OPEN SECRETS in our country, aren’t they. Who has been victimised, name one!
Elon Musk openly opposes the most powerful man on the planet of Earth, yet his company is doing more than fine: Rule of Law is supreme. And Americans act like the Rule of Law is supreme.
I repeat this again: Transparent Electoral Bond will do no harm to any body. It will only strengthen honesty, freedom, economy, and democracy. And if encouraged, it will also increase the quantity and quality of donations. It will encourage economically prudent parties and policies. It will also encourage honest businessmen to participate more in financing economically sound ideas and their originators.
End this paranoia of confidentiality. Let us focus on the bigger problems of our country, which are so difficult that even the best and sincere effort of ours might not be enough.
This argument is akin to retrograde men admonishing women wearing short casual dresses, and terrifying them of being raped if not wearing burqa type dress.
Why would the non ruling/ ruling or receiving/ non receiving party victimise those not donating to it or donating to rival. This means those donating to it would be favoured or incentivised, doesn’t it. So your argument implies existence of rampant crony capitalism.
How can they being victimised if there is rule of law and business contract allotment is fair, or it is not? Your argument implies it’s not.
So how would maintaining confidentiality will solve these problems if they are creating and perpetuating them in the first place.
I couldn’t get past this opinion piece beyond the first paragraph.
1. How do u explain corporations, especially regulated and contractual based corporations, making most donations (or bribing) only the ruling parties, be it BJP in centre and states or Congress in states.
2. What is their motivation behind these act of bribery? Aren’t all these only corrupting the business/ political environment of our country, where honest corporations are discouraged. Aren’t they increasing crony capitalism?
we all know which companies are cronies of the government, don’t we. These companies don’t subscribe to any particular party, they bribe only the party in power. So how would they be victimise? I mean we all know about Ambani and Adani. Ambani, tata, birla etc all have donated to Congress in past, have they been victimised by BJP. No they flourished in BJP ruling as well. so shut your nonsensical thinking.
How could they be victimised by any govt, there is rule of law, not? If not, isn’t we have bigger problem to deal with in the first place. I mean if there is no rule of law how could we have any policy at all.
This ‘would be’ attitude has misguided policy making ever since there are policies. “Don’t empower courts they would subjugate govt” etc. what’s the reality (all over world and history) courts subjugating govt or the OPPOSITE. The reality is that only honest corporations/ business practices and honest parties/policies are victimised. This is the reality, not “would be”.
Instead we must have Completely TRANSPARENT Electoral Bonds and some political maturity that running a political campaign is a costly affair. And u will absolutely see that this revelation of SC only prove my point– It will victimise absolutely nobody. Meh, electoral donations are OPEN SECRETS in our country, aren’t they. Who has been victimised, name one!
Elon Musk openly opposes the most powerful man on the planet of Earth, yet his company is doing more than fine: Rule of Law is supreme. And Americans act like the Rule of Law is supreme.
I repeat this again: Transparent Electoral Bond will do no harm to any body. It will only strengthen honesty, freedom, economy, and democracy. And if encouraged, it will also increase the quantity and quality of donations. It will encourage economically prudent parties and policies. It will also encourage honest businessmen to participate more in financing economically sound ideas and their originators.
End this paranoia of confidentiality. Let us focus on the bigger problems of our country, which are so difficult that even the best and sincere effort of ours might not be enough.