Topic

Demonetization

4 petitions

Update posted 10 months ago

Petition to Narendra Modi, Prime Minister of India

Make it mandatory for all Political Donations to be Cashless

The Demonetization of 500 and 1000 Rupee notes on November 8th, 2016, by the Prime Minister of India was hailed as a bold step in the fight against black money, supposedly expected to give the hoarders of unaccounted cash sleepless nights. While the common man has been forced to stand in line for hours everyday for more than 5 weeks, the Political Parties have conveniently escaped the inconvenience. As per current rules, Indian Political Parties are not required to declare the donor details if the donation received is less than 20,000 Rupees, and they are 100% tax-exempt. So, the parties can deposit infinite amount of cash in old notes, by saying that it was received in parts, with each part less than 20,000 and can escape any consequence.I have explained how political parties can exploit this loophole in detail here - https://yourstory.com/2016/11/demonetisation-loophole/ Currently, there are more than 1900 political parties in India, and they are using this loophole to convert all their black money to white. This concern has also been raised by the Chief Election Commissioner of India. (http://www.hindustantimes.com/india-news/parties-being-used-to-channelise-black-money-chief-election-commissioner/story-PcJ1GSSAErLPr32xym561K.htmlWhen the common man has to face so many restrictions on deposits and withdrawals, why should the Political Parties be exempt ?(http://economictimes.indiatimes.com/news/politics-and-nation/poliitcal-parties-exempted-from-scrutiny-for-cash-deposit-of-old-notes/articleshow/56022656.cms?from=mdr Dear Mr. Prime Minister, if according to you, these days beggars are also using Swipe Machines, and you are forcing everyone to go Cashless, why should the political parties not be forced to go cashless. We therefore urge you to 1. Make it mandatory for any donation above 100 rupee to any political party to be cashless2. Bring Political Parties under RTI, as per the CIC order #BringPoliticalPartiesUnderRTI#MakePoliticalDonationsCashless

Nishank Varshney
14,129 supporters