Manila: Electoral bonds may be emerging as a key instrument for financing elections as regulatory agencies strengthen efforts to prevent instances of cash hoarding. Department of economic affairs secretary Subhash Garg said the response to the electoral bonds scheme has been good so far. Electoral bonds are seen as a more formal and transparent alternative to cash donations to political parties. Experts said that electoral bonds have made a promising beginning in the effort to formalize election funding, but more needs to be done. “Electoral bonds are a step forward.

Source: Mint May 06, 2018 13:52 UTC