Topic: Salient features of the Representation of People’s Act.
2) “If big money entirely funds elections in a secretive way, democracy as we know it will not exist.” Analyse and explain the role of electoral bonds in the above stated context.(250 words)
Why this question:
The recent disclosures that the Election Commission (EC) and the Reserve Bank of India (RBI) had expressed reservations about the Electoral Bonds scheme highlight the importance of this issue. Thus the question.
Key demand of the question:
One must explain what is the issue associated with big funds for elections and the role that electoral bonds play, present pros and cons of allowing secretive funding and what needs to be done to put a check onto it.
Analyze – When asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.
Structure of the answer:
In brief discuss the need for electoral funding.
Explain first the available routes prevalent in India for electoral funding.
Then move onto discuss that today, India spends more on elections than the U.S. with a per capita GDP that is 3% of the U.S.
Explain the role that electoral bonds play.
Suggest issues and what remedies can be provided to tackle them.
Conclude with way forward.