which one of the following steps has been taken by the election commission of india to reform political parties
Which one of the following steps has been taken by the Election Commission of India to reform political parties?
Answer:
The Election Commission of India has implemented several steps to reform political parties and enhance transparency and accountability in India’s political landscape. One crucial step taken by the Election Commission of India to reform political parties is the introduction of Electoral Bonds.
Electoral Bonds:
Electoral Bonds were introduced in an effort to make political funding more transparent and curb the use of black money in elections. These bonds are financial instruments that citizens or corporates can purchase from selected banks and then donate to political parties. This mechanism is aimed at promoting clean money in politics, ensuring financial transparency, and reducing the influence of illegal funds in elections.
Through the implementation of Electoral Bonds, the Election Commission of India seeks to reform political parties by creating a more accountable and transparent system of political funding. This step is intended to strengthen democracy by reducing the reliance of political parties on undisclosed and illicit funds, thus promoting fair and ethical electoral practices.