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