FINANCE DEPARTMENT FOR OPPONENT PARTY
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The biggest setback has come for Congress which has lost the prestigious committees like finance and external affairs to BJP
The only ally of the BJP to have got chairmanship of a parliamentary committee is the Shiv Sena
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Transparency in political party financing can play a key role in both reducing corruption and transitioning from a dominant party system to a multi-party system.
By itself, political party finance regulation is not enough tos reduce corruption, undue influence in politics or ending dominant party systems. — Strong oversight and enforcement mechanisms are essential.
Civil society, the media and other local actors can be allies in garnering support for legislative change.
Political parties play a key role in democratic processes (Martini 2012). They serve a wide range of functions such as aggregating and articulating interests, developing competing policy proposals that provide voice and choice, selecting candidates for elected office, organising legislatures, coordinating the formation and activities of government, recruiting and linking leaders and supporters and conducting electoral campaigns. (Magolowondo et al 2012). To fulfil these functions, political parties require financial resources.
Political party financing is about the role that money plays in the political sphere. Money is necessary for inclusive democracy and effective governance, allowing candidates and parties to reach out to voters and to build long-term political organisations. However, it can also lead to politicians and parties listening to their donors rather than their voters, and to government contracts being awarded to the company that provided most money during the last election campaign rather than the one with the best bid (EuroPAM 2019).
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