NEW DELHI // India is again among the lowest-rated countries for political finance regulation, according to the latest report from an organisation that monitors governance and corruption levels around the world.
The 2011 edition of the Global Integrity Report, released Friday by the non-profit Washington-based Global Integrity, surveyed 31 countries in Europe, the Americas, Asia and Africa.
India rated below Liberia, Tajikistan and Indonesia in the transparency of its political financing, scoring 28 out of 100. India scored 27 in 2009, when the organisation last surveyed the country. In comparison, the United States rated 74.
"There are no limits to individual donations, and corporate donations are hardly ever questioned because elections expenses are grossly underreported," the report said in comments about India's political finance accountability.
Corruption scandals have dominated India's ruling Congress party, with senior government ministers and officials facing charges over $4 billion (Dh14bn) that disappeared during the 2010 Commonwealth Games, and a cellphone licensing scandal that cost the government up to $36bn in lost revenue.
Anil Bairwal, the national convener of the New Delhi-based Associated for Democratic Reform, agreed with the report's findings that candidates are likely to exceed the legal limits for election expenses, and fail to report all they spent.
In a round of state elections this year, for instance, the Election Commission referred nearly US$6.5 million to the income tax authorities in the state of Punjab. In Uttar Pradesh, another $5.6m was seized and referred to tax officials.
The seizures happened despite a day-long workshop on campaign financing held ahead of the polls, at which India's chief election commissioner, SY Quraishi, promised to "come down heavily against black money".
In 2010, India's election commission created an monitoring division to check the flow of illegal campaign funds.
"(It) has actually done a wonderful job, if you look at how much money has been seized in recent elections," Mr Bairwal said. "But the political parties aren't doing what they're supposed to, and they continue to field candidates who are moneybags."
The Global Integrity report has also noted that Indian law does not mandate public disclosures of donations to political parties or audits of party finances. There are no limits to an individual's donations to political parties, although corporate donations are held to five per cent of a company's annual net profits.
These donations too, however, are said to be underreported.
Mohit Satyanand, a New Delhi-based investment analyst and management consultant, said that small companies don't want their donation on the record, as they risk harassment if the rival party wins power.
"So as a company, I'm much safer not making a donation to any of them in a public manner, and just making a donation in cash at the local level to the party, which won't appear on the books," Mr Satyanand said.
He said the 'quid pro quo" campaign funding occurred at every level of Indian politics. "If I were a candidate, a contractor would make a cash donation and, if I get elected, I would award him contracts to build a new bus shelter or whatever."
ssubramanian@thenational.ae
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
COMPANY%20PROFILE
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SPECS
Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now
Specs%3A%202024%20McLaren%20Artura%20Spider
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Scorecard:
England 458 & 119/1 (51.0 ov)
South Africa 361
England lead by 216 runs with 9 wickets remaining
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Disturbing%20facts%20and%20figures
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What%20is%20cystic%20fibrosis%3F
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Company%20profile
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COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
Scoreline
Liverpool 4
Oxlade-Chamberlain 9', Firmino 59', Mane 61', Salah 68'
Manchester City 3
Sane 40', Bernardo Silva 84', Gundogan 90' 1
21 Lessons for the 21st Century
Yuval Noah Harari, Jonathan Cape
COMPANY%20PROFILE%20
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THE SPECS
Engine: six-litre W12 twin-turbo
Transmission: eight-speed dual clutch auto
Power: 626bhp
Torque: 900Nm
Price: Dh940,160 (plus VAT)
On sale: Q1 2020
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
The specs
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Company%20Profile
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The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY%20PROFILE
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