Revolutionising Political Finance: Congress Plans Crowdsourcing Portal For Fundraising Transparency
Congress plans to use a crowdsourcing portal to raise more funds, the Times of India reported citing sources. If it's anything like the current approach, the most noteworthy aspect will be a digital paper trail and, hopefully, more open political finance. Worldwide, it is tough to regulate political money. Although political parties exist independently of the state, they legislate on behalf of the government to establish rules governing their funding. There are two central tenets of regulation concerning political finance: limits on individual donations and transparency regarding funding. Since it is easy to circumvent limits if the donor is unknown, full disclosure of the funding source is more important. The world's leading democracies have had difficulty formulating a regulatory ...
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