Ad Here  
South India’s 100 most valuable companies INDIA keeps its date with destiny Weaving wealth of western Tamil Nadu Star of the South A gratifying record CSR, tech revolution and bank crisis Much ado about nothing Miles to go... Welcome move to widen the tax net… Cleansing Indian retail Need for radical RBI reform Why (not) abolish? Make way for Make in India... Breaking news or breaking credibility? CAD and the emergency thereof BJP can now hasten its thrust for reforms Wanted: decentralised financial system They add lustre to Padma Awards When the examiner cheated... A blueprint for the future Economy through the month No groundnuts in groundnut oil! A Fine division of responsibilities Little surplus after salaries, subsidies and debt servicing Kudos to GIM organisers... Research for survival... Tryst with GST 1800 parties registered with EC – Less than 60 contest elections Strategic planning the missing link It’s raining funds for states. Really? Sardar Sarovar – the seventy year itch Low profile moves How will it PAN OUT Chennai Airport-Ready for a rapid take off... Sowing seeds of hope Well-administered State Outward ho A historic indirect tax reform Ganesh’s mantras Babes In the wood-RBI North block has little clue to curb inflation Two welcome measures from the chief minister... Reform this licence to…kill What the big B should offer? Oh my GOLD Rail-road Rajaraman Jobs - Lost, Changed or Gained Sustainably developing manufacturing sector… After all, customer is the king Much can be done by us A tale of two Bihar babus Healthy finances of the Chennai Corporation An eco-friendly commute in Mysuru Policy Makers Skewed Economic Zones? Babes In the wood-RBI North block has little clue to curb inflation Land, land everywhere, but... Industry can’t get it from Mars, yet If not Tamil Nadu, where else? Truce at Kasturi Buildings Public investments and welfare will surge Pool energy prices Focus on agriculture and human resources In the horns of a dilemma TN - so much to offer... Indian GST – Between extremes… The deluge and the several kindly souls An eventful week with VVIPs of Delhi MS Installed Focus on southern TN... Tax evaders’ get out of Jail-Free Card The Great Fall Welcome rains for damaged roads... Why throw baby with bath water? Deming awardees galore! You too T M Krishna? Welcome Measures. Work for 10X Change Trail-blazing Tamil Nadu A dual GST that will protect prosperous states PC please be our Santa Need plan over the long term planning Better relations with UK... Technology and economic development should be linked
1800 parties registered with EC – Less than 60 contest elections

The Chennai International Centre (CIC) presented former chief election commissioners T S Krishnamurthy and N Gopalaswami to discuss electoral reforms. These renowned civil servants expressed concern over the role played by money in elections. 

TSK said that ceiling on expenditure prescribed is violated with impunity and suggested setting up of a national election fund. He wants the election commissioners to be selected by a collegium consisting of the prime minister, leader of the opposition and the chief justice. 

Murthy added: “more than 1800 parties are registered with the EC. Of these only some 50 to 60 contest elections and the others are used to convert black money into white.” 

Successive election commissioners have warned of political corruption. Corporate donations made to political parties are  on expectations of a quid pro quo: politicians treat election expenditure as an investment that would get handsome returns on getting elected. 

In the 1990s T N Seshan as CEC instilled a sense of fear on the part of political parties by countermanding elections on corrupt practices. This had a salutary effect in curbing booth-capturing. Since then the conduct of polls has been remarkably peaceful.  But the EC has not succeeded in reducing the free play of money. Former CEC Dr. Nazeem Zaidi in an interview to IE said: “the long drawn process of investigations and prosecution take years making the whole exercise futile.” The recent proposal to set up special courts to deal with such offences will help in time-bound remedies.

Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236