India Legal News: If someone told me a decade back that for election publicity purposes a candidate can do without the ‘internet’ I still could have believed him then, NOT TODAY. The spiraling influence of the electronic and online media combined with the traditional media is increasing by the day and best or the worst part is that the outcome is not predictable but influential.
According to India legal news reports in August 2010, the government of India is ready to make corporate donations to political parties more transparent. It is a known fact that political parties in India receive huge amounts as donations from corporate houses. However, funding political parties out of a company’s profit have been often subjected to criticism. This issue comes under greater scrutiny during the time of elections because prominent political parties in India overspend and violate the spending limits set by the Election Commission of India. Also, very little is done by these parties to improve or optimize the political funds they get from corporate houses.
Salman Khurshid, the Minister of State for Corporate Affairs, stated that the Ministry is set to recommend the addition of certain provisions pertaining to the disclosure of such details given through corporate donations through the new Companies Bill.