Key Points
Union Finance Minister Nirmala Sitharaman on Friday said corporates are free to fund political parties but there should be a law or a system that needs to be worked out.. "Nobody is saying parties cannot be funded," the FM said at the India Today conclave..
Sitharaman was replying to Business Today TV Managing Editor Siddharth Zarabi at the India Today conclave on a question if loss-making firms and shell companies should be barred from political funding and why there is sheepishness around corporate funding of parties...
On barring loss-making and shell companies, Sitharaman said: "There are issues on that front..
Talking about the electoral bond issue during her chat session at the India Today conclave, Sitharaman said that it is amere assumption that there is a link between the raids and donations..
As per the ECI data, nearly half of the top thirty firms contributing to political parties via electoral bonds have been probed by central probe agencies, including the Enforcement Directorate, Central Bureau of Investigation, and Income Tax departments...
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