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10 NLIU L. Rev. 284 (2020-2021)
Moribund State of Transparency and Accountability in the Indian Electoral Funding Regime

handle is hein.journals/nliu10 and id is 300 raw text is: AKSHAT BHUSHAN & MORIBUND STATE OF TRANSPARENCY AVISHEK MEHROTRA & ACCOUNTABILITY IN THE INDIAN ELECTORAL FUNDING REGIME MORIBUND STATE OF TRANSPARENCY AND ACCOUNTABILITY IN THE INDIAN ELECTORAL FUNDING REGIME Akshat Bhushan* & Avishek Mehrotra** Abstract The electoral competition in India comprises millions of voters, thousands of candidates and parties, making it a costly affair. The latest development in this regard is the incorporation of the electoral bonds scheme and the corresponding amendments through the Finance Act, 2017. Although the amendments were subject to criticism by the Election Commission of India, the Reserve Bank of India, and several intellectuals, yet it did not receive much public attention. Even the Apex Court exercised judicial evasion by passing an interim order and postponing the hearing of the matter sine die. The authors in this paper aim to present an in-depth analysis of the Indian system of political funding, with a primary focus on the electoral bond scheme, which has drawn the exiguous attention of the general masses. The authors first elucidate upon the two basic postulates of political *Akshat Bhushan is a second-year student at Hidayatullah National Law University, Raipur. The author may be reached at akshatbhushan7@gmail.com. **Avishek Mehrotra is a third-year student at Symbiosis Law School, Pune. The author may be reached at 18010125319@symlaw.ac.in. 284

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