Tirupati (Andhra Pradesh), Mar 23 (UNI) Noting that the present system (electoral bonds) does not prevent donors influencing government in policy decisions or favours in tenders, former chief Election commissioner T S Krishna Murthy on Saturday suggested creation of the National Election Fund to get donations from any donor disclosing the names with 100 per cent tax exemptions for the donors instead of electoral bonds.
In his inaugural address at the roundtable meeting on 'Electoral Bonds in India: Is it Transparent and Accountable in Poll Funding?, organised by the Academy of Grassroots Studies and Research of India (AGRASRI) through Zoom, Krishna Murthy also suggested to remove all restrictions and allow political parties to raise openly from donors and make them disclose or subject to audit.
This will only aggravate the present problem only, as rich and influential persons will contest elections, he remarked.