Dhruv Rathee's Investigation: Electoral Bonds and Political Corruption in India

Background

Electoral bonds were introduced by the Indian government in 2017 as a mechanism to promote transparency and reduce the influence of black money in political funding. However, critics have raised concerns about the lack of accountability and potential for misuse.

Dhruv Rathee's Findings

In a recent YouTube video, popular political commentator Dhruv Rathee delved into the controversial issue of electoral bonds. His investigation revealed:

• Extortion of Corporate Donations: Electoral bonds have been used to extort large donations from corporate bodies. Companies have been pressured to purchase bonds to secure favorable government contracts or avoid scrutiny.
• Loss to Public Exchequer: The issuance of electoral bonds has resulted in significant loss of tax revenue to the government, as they are exempt from income tax. The estimated loss in the past two years is over Rs. 3,000 crores.
• Misuse of Public Funds: The government bears the cost of printing and servicing electoral bonds, which diverts public funds away from essential services.
• Donor Immunity: Donors are granted immunity from prosecution, even if they engage in illegal activities. This creates a culture of impunity and encourages corruption.

FAQs and Answers

1. What are electoral bonds?

Electoral bonds are bearer instruments that can be purchased by individuals or entities to donate to political parties. They are exempt from income tax and the identities of the donors are kept secret.

2. What was the purpose of introducing electoral bonds?

The government claimed that electoral bonds would reduce the influence of black money in political funding and promote transparency.

3. Why have concerns been raised about electoral bonds?

Concerns have been raised about the lack of accountability and the potential for misuse. Critics argue that electoral bonds provide a way for donors to anonymously fund political parties, which can lead to corruption and undue influence.

4. What are the findings of Rathee's investigation?

Rathee's investigation found evidence of extortion of corporate donations, loss of tax revenue, misuse of public funds, and donor immunity.

5. What are the implications of Rathee's findings?

Rathee's findings have sparked a nationwide conversation about the potential corruption and misuse of public funds in the name of political funding. They call into question the government's commitment to transparency and accountability.