Reforms in Election Funding in India

Abstract

This paper deals with the corruption in Indian political system in context of election campaign expenditures. The issue has caught public attention due to the efforts by Prime Minister of India against corruption in public life. Now there is debate in India about the modalities by which greater transparency can be exercised by institutions both political and governmental which can curb use of black money in the election expenses. The paper has discussed shortly about the history of various steps taken by previous national governments in this context, in addition to it the role played by national and corporate financial and legal institutions. The paper has, in short discussed about the prospective changes that can be made by different stakeholders and has also described the various models of election campaigning like ‘state sponsored campaigning’ and ‘national electoral fund’.