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Intention behind electoral bonds scheme was good: Gadkari; says no party can survive sans funds

By Economic Times - 6 months ago
"When Arun Jaitely was (Union finance) minister, I was part of that discussion (regarding electoral bonds). No party can survive without resources. In some countries, governments fund political parties. There is no such system in India. Thus, we chose this system of financing political parties," said Gadkari on a question about electoral bonds. He noted the main intention behind introducing electoral bonds was that political parties get funds directly, but the names (of donors) are not disclosed because "problems arise if the party in power changes".

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