Electoral Bond Debate: Sitharaman Vs Chidambaram

electoral bonds according to you therefore and their links with enforcement agencies is the weaponization of those agencies you're very clear about that I described electoral give me a better syst give me a better system for campaign financing the day the Electoral bonds was introduced I said it's legalized bribery it's legalizing bribery you still maintain that I still maintain that what's the better system better system is a multi-prong system one system is to allow more open campaigning the election commission's restrictions have driven election campaigning underground cash has gone underground because they have they place too many restrictions see elections are a festival of democracy it must have lot of uh rhetoric song dance speeches they have restricted everything last time in Tamil Nadu we were not allowed to take a road show we were not allowed to fly flags we were not allowed to Past posters in towns and municipalities therefore the election has been driven underground bring back election over the ground that is one second allow a larger limit of expenditure for candidates this is ridiculously low numbers nobody nobody can uh win an election or fight an election by spending these ridiculously low low amounts to hire a car for a day to hire a car for a day in 1984 when I contested election cost three 300 Rupees to 400 rupees today to hire a car for a day will cost you 4,000 to 5,000 rupees third state funding there's a simple way to state fund you take the 2024 election take the 20 9 vote share per vote I give you one rupee I'm giving an example one rupee for every vote you got in 2019 the BJP will get more it's entitled to get more because it won the election so State funding on a purely neutral formula every political party has to accept it so State funding and then revert to open transparent donations to political parties where the donor will reflect it in his books of account or the company's books of account and the political party has to reflect it in its annual financial statement there's a multi-prong approach you know I instead of that instead of that you had an electoral bond which was devised in order to legalize bribery and the ruling party will be the biggest beneficiary recently we got to know the identity of the donors in the Electoral bonds and as I was scrutinizing the list there are couple of questions that I'm sure are in the minds of everyone here a the fact that the BJP gets the large majority of the funding which can be partly explained by the fact that you're the party in power and everybody wants to be with whoever they think can win but there are two other questions one that the country's major corporate groups and I don't want to name any one or two but the big funders who you would imagine are the ones who are spending their money because it's now through white channels are not on that list they're not amongst the major donors and I'm wondering okay if those guys are funding how is that money coming and how are they funding and why is it not through white channels the second question Madam finance minister is this that out of the 30 top funders 14 corporates had some kind of investigative agency chasing them for some case which would lead everyone sitting here to wonder whether this is some kind of a buy or sell some protection if these agencies are chasing you fund through the Electoral Bond route in the hope that you can buy yourself some protection now the Modi government's promise was we will not let this happen no way no crony capitalism and yet the data seems to be telling a story which leads to many questions Madame Finance Minister I think youve based yourself on huge assumptions that the money is given after the Ed raid happened for all you know the money was given earlier and in spite of that we went knocking at their doors am I making sense no what if the companies gave the money and after that we still went and knocked at their doors through Ed is that a probability or not that's an assumption which Rahul has made that Ed went and knocked at their doors they wanted to save themselves and therefore they came up with the funds one second assumption in that itself is are you sure that they've given it to BJP they probably gave it to the regional parties what makes you assume so many things and build a narrative the government has given and the state bank has done its job as per the orders given by the state supreme court [Music]

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Keywords: Business Today, business today live, Trending news, Viral news, election, election 2024, bjp vs congress, nirmala sitharaman, finance minister, p chidambaram, electoral bonds, electoral bonds debate, Sitharaman Vs Chidambaram, india today conclave, bttv, what is electoral bonds, electoral bonds supreme court

Id: fimWqiRg02s

Length: 5min 38sec (338 seconds)

Published: Fri Mar 15 2024