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| Name | Legalized Corruption or Not: What SBI's Electoral Bond data reveals |
| Video Uploader | Video From TNIE Videos |
| Upload Date | This Video Uploaded At 17-03-2024 10:12:13 |
| Video Discription | One of the biggest allegations leveled by the petitions in the Electoral Bonds case in the Supreme Court was that this scheme made it very easy and simple for politicians to obtain bribes from companies. ADR and Common Cause pointed out that the scheme offered 100% anonymity to the company who was paying the money, and because of this, electoral bonds were the ideal method to pay huge amounts of bribe to the governing party for various favors. They claimed that companies must be using electoral bonds to pay money to ruling parties in return for getting lucrative contracts, such as for constructing roads, bridges, metro trains, townships and so on, and for getting mining leases and so on. They also alleged that other companies must be paying money through electoral bonds in return for getting existing laws tweaked to benefit their business. A third area of concern highlighted by ADR and Common Cause was that companies may be subjected to extortion by the ruling parties through the medium of electoral bonds by using various agencies. While the exact details of who paid what money to whom on what day has not been revealed by SBI so far, compiling the data given so far does yield some interesting results. For example, it shows that nearly all the top donors under the electoral bonds scheme were companies whose biggest customer was the government, and who depended largely on government contracts and its goodwill to keep their business going. The second biggest class of donors were companies whose business were highly sensitive to even slight changes in government politicies, such as large-scale manufacturers, medicine makers, lottery companies and so on. The numbers disclosed so far seems to suggest that the NGOs may not have been far off the mark as far as their fears were concerned. #electoralbonds #elections2024 ---------------------------------------------------------------------------------------------------------- We are active on social media! Follow us: Facebook: https://facebook.com/thenewindianxpress Twitter: https://twitter.com/NewIndianXpress Stay updated with our Apps: For Android users: http://bit.ly/2EdIaWW iOS users: https://apple.co/2SrVdHf For more videos: http://www.newindianexpress.com/videos For all the important news: http://www.newindianexpress.com/ |
| Category | News & Politics |
| Tags | News & Politics Download MP4 | News & Politics Download MP3 | News & Politics Download MP4 360p | News & Politics Download MP4 480p | News & Politics Download MP4 720p | News & Politics Download MP4 1080p |
