How electoral bonds have created the illusion that political funding in India is becoming clean

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Key Points

In its early years, AAP sought to establish transparency of its funding by publicising its donors' list..

GoI, represented by solicitor general Tushar Mehta, opposed citizens' right to know about who supplies money to political parties, citing political donors' right to privacy...

Transparency is not only a right of citizens to know about who funds parties, but also the most effective mechanism to regulate political funding..

As lawyer Gautam Bhatia argued two years ago, transparency is necessary to avoid the purchase of policies and regulatory capture, and to ensure some fairness in the allocation of resources between political parties...

What electoral bonds have done ultimately is to create the illusion that political funding in India has become somewhat clean..

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