Political Funding - 2

Process Integrity 

The PDD (Policy Development Deduction) addresses political donations by Corporates and all entities that prepare auditable operating accounts for taxation purposes.  

The businesses will have to get receipts from the Political Parties to be able to claim PDD. The audit trail of such receipts needs to be established : the issuing political parties must have PAN.  

The current faceless political donation process.

To ensure that the rightful person is collecting cheques /donations on g=behalf of the right Political entity that the Business wishes to support, all politicians must be issued a PIN- Politician Identity Number- same as DIN to identify directors on the Boards of Companies.

The political fund raiser identifies himself with a valid PIN, approaches a business for donations. A business /Corporate who also has a PAN, issues the cheque to the Party with a PAN. The Fund raiser issues a receipt with due PAN and PIN.  

Therefore, the transaction happens in a transparent and traceable manner. 

New Year –New Beginning

Fun and Puns 

Rahul’s coming of age augurs well for the Indian Public Life. Humour, in its many forms and avatars, seems to be inching towards center stage. His tweet including the videos : 

Office of RG

@OfficeOfRG

Dear Mr Jaitlie - thank you for reminding India that our PM never means what he says or says what he means. #BJPLies

Click on the link below and see the videos >>

Mr Jaitlie

Delicious !!