Electoral bond is a form of donation to a political party by Indian citizens or companies in India. They take the form of promissory notes and are I ssued only by the State Bank of India. Brought in as a ...
Role of Interstate Council in Dispute Resolution The Interstate Council plays a crucial role in fostering cooperative federalism by facilitating the resolution of disputes between states. It serves as a platform for dialogue and collaboration, allowing states to discuss and negotiate their differencRead more
Role of Interstate Council in Dispute Resolution
The Interstate Council plays a crucial role in fostering cooperative federalism by facilitating the resolution of disputes between states. It serves as a platform for dialogue and collaboration, allowing states to discuss and negotiate their differences amicably. The ISC conducts meetings where representatives from various states come together to address common concerns and conflicts. By providing a structured forum, the ISC encourages states to seek mutual agreements and solutions, reducing the need for prolonged legal battles. The ISC also assists in harmonizing policies across states, promoting uniformity and cooperation.
Challenges in Dispute Resolution
Despite its pivotal role, the ISC faces several challenges in effectively resolving state-related disputes. One challenge is the lack of mandatory enforcement power; the ISC can only recommend solutions, which states may choose to ignore. Political differences and regional interests hinder consensus-building, making it difficult to achieve lasting resolutions. The ISC’s infrequent meetings and limited resources impedes its ability to address disputes promptly and comprehensively. Ensuring equal representation and addressing power imbalances between states further complicates the ISC’s efforts to mediate conflicts effectively. Strengthening the ISC’s authority and enhancing its operational capabilities are essential to overcoming these challenges.
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The Electoral Bond scheme and its impact on the existing transparency within Indian politics based on the information present here and your additional comments. Electoral Bonds: A Contested Reform Electoral Bond Scheme was brought in the light of reducing black money in the funding of political partRead more
The Electoral Bond scheme and its impact on the existing transparency within Indian politics based on the information present here and your additional comments.
Electoral Bonds: A Contested Reform
Electoral Bond Scheme was brought in the light of reducing black money in the funding of political parties. Despite the above benefits it still raises controversy in relation to the effect in the area of transparency and accountability.
Advantages:
-Replacement of Cash Contribution: In theory, this is done by replacing cash contributions with instrument based dues, which can be presumed that other unidentified cash inflows into political funding.
-Anonymity of the Donor: The program allegedly safeguard the donors from possible harassment as well as intimidation.
-Immunity of Taxes: Donations relating to electoral bonds are exempt from taxes and this may extend more individuals and firms in giving.
-Opacity in Funding Sources: It remains quite questionable simply because the source of funds for electoral bonds has not been disclosed at all. It can accept without revealing the identities of the donors or their sources may be local or even foreign.
-Influence of Corporate Interests: The scheme can permit huge amount of corporate donations and has been criticized as allowing large corporate interests to buy influence over the parties.
-Asymmetric Information: This is so because the ruling party has information over the opposition parties in regards to the buying of bonds.
-Potential for Misuse: The major problem that may arise from the current situation is the misusing and corruption which is caused by the absence of transparency and no upper limit of donation amount.
To increase the transparency and accountability in political funding, the following measures can be considered:
-Company-level Donation Cap: Place a check on the amount that a corporation can contribute through electoral bonds.
-Disclosure Threshold: Call for disclosure of all monand donations that exceed a specified limit with a view of achieving this goal.
-Independent Review Mechanism: An autonomous entity that is involved in the matters of transactions that involve electoral bonds or any other dispute regarding the same.
Public Awareness Campaigns: Voter awareness of the undisclosed sources of funds and the necessity of effectiveness of political financing.
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