On November 8 2016, PM Narender Modi Announced scrapping of Rs 500,Rs 1,000 Notes to Curb Black Money. The step had resulted in deaths of more than 100 people,closure of several Industries and chaos into the lives of Common People. (Forbes.com(8th Dec.2016).
But When it comes to Political parties curbing flow of Black Money in the system,The Hypocrisy is clearly Visible, Finance Minister, says Political parties can deposit as many old Note of Rs 500, Rs 1,000 in their Official Account,That too without Tax (Forbes.com (17th Dec.2016).
When Public questioned This,Finance Minister Mr. Arun Jaitley gave incomplete information stating that Political Parties can deposit Old Notes but under scrutiny (IBtimes).
What he didn't mention was that under existing Laws, Parties dont have to provide any details of Income Source if the money donated is less than Rs 20,000 (hindustandtimes).
With this loopholes They just have to claim that they got all their money from thousands of Donors (timesofindia)
For example, if a political Party deposits Rs 1 Crore in their Account. they can tell The IT Dept. That they received Rs 20,000 From 500 donors. (Wire.in)
No names
No addresses
No PAN Numbers
Are required to be shown for such donations(Wire.in)
While Political parties Talk about Curbing Black Money, they Forget to mention the Black Money Which funds their Campaigns.
The Common Man is suffering on the Pretext of the Betterment of The NATION and the political Parties are hiding behind Constitutional loopholes.
Are we ready to demand accountability from Political parties irrespective of the Political Party we support?
or shall we only always write asking Dear political parties,Why don't you explain your sources of fund like a common Man?
Courtesy-The Logical Indian
