Achi news desk-
“What was the situation in 2017, 70% of the fundraising was in cash. No one knew where the money was coming from. It could be drug money, it could be underground mafia, foreign money. How can we run our democracy on the power of money that is imposed Doubtful. That’s why we wanted reform,” said Quraishi.
According to him, the demand for reform has now been revived. “We must abolish the cash system. In this context, I suggested that we establish a national election fund. There, no one will be afraid to donate, it goes to a national fund,” Quraishi said PTI. “If you donate to a national election fund, money will be distributed from there to the parties.”
Quraishi suggested that the money in the fund could come from corporate donors and the government could also contribute from the national treasury through the budget.
However, noting that some would not like the idea of ​​using taxpayers’ money for political purposes, Quraishi said the source could be limited to voluntary donations from corporations as well as corporate social responsibility funding.
Voluntary donations by corporations can be given incentives such as 100 percent income tax relief, he argued. “We can also use corporate social responsibility funds. All of this is subject to detailed formulation,” Quraishi said.
When he spoke about the distribution of the fund, he said that elections should not be financed and instead political parties should be financed. “The funding formula could be that we divide it equally between the nationally recognized parties, but all this is subject to discussion.
