New electoral funding scheme in the works, first meeting held to discuss potential plan

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Finance Ministry officials have begun discussions on framing a new scheme to replace the now defunct electoral bonds scheme that the Supreme Court has declared unconstitutional...

An initial meeting to discuss a potential a new scheme to enable companies to fund political parties has been held between officials of the Department of Economic Affairs, the Income Tax department and the Ministry of Corporate Affairs..

There can be shortcomings which could be improved upon.. Responding to a question at the India Today Conclave on barring loss-making and shell companies from political funding, Finance Minister Nirmala Sitharaman had said: "There are issues on that front..

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