Paisa Politics

GVL Narasimha Rao was reacting to HuffPost India's investigative series, by journalist Nitin Sethi, on how the Modi government brought untraceable funds into Indian politics.
Prime Minister Narendra Modi's office directed the finance ministry to break its own rules to approve the special and illegal sale of electoral bonds just before critical state assembly elections.
Former Rajya Sabha MP & CPI(M) General Secretary Sitaram Yechury said, the party's focus would be primarily on trying to get an immediate stay on the operation of electoral bonds scheme from the SC.
On Tuesday, Congress Rajya Sabha MP Jairam Ramesh called for the scheme to scrapped while MP Rajeev Gowda called it legalised corruption.
In 2017, the Modi government introduced a secretive way for anyone, including corporations and foreign entities, to funnel money into political parties anonymously.
A confidential note reveals that finance ministry officials intentionally misled the Election Commission in an effort to dilute its opposition to the electoral bond scheme.
Congress held a press conference on the 'HuffPost India' investigation by journalist Nitin Sethi which showed how the Modi govt dismissed the RBI's warnings on the electoral bonds scheme.
The 'HuffPost India' investigation by journalist Nitin Sethi showed how, 2 days before announcing electoral bonds, the Modi govt dismissed the RBI's warnings on the scheme.
Former finance minister Arun Jaitley took just hours to dismiss the RBI's warning that electoral bonds could funnel black money into politics and destabilise the Indian currency, documents show.