As per report from sources it was stated that Nasim Zaidi, the Chief Election Commissioner (CEC) who retires on 5 July, pointed to a slew of proposed electoral reforms that deserve national attention. Meanwhile Zaidi stated that he would have retired with more satisfaction had the government agreed to make political funding more transparent. Zaidi also reflected upon the years he spent heading one of Indian democracy’s most important institutions.
Meanwhile when asked by the reporters which electoral reform was the need of the hour, Zaidi said political funding must be transparent. Zaidi did not mince words, saying the government's recent moves vitiated transparency rather than improving it.
Zaidi added that recent amendments to the Companies Act have done away
with profit-making clause for companies to make donations. They also no longer
need to disclose the breakup of contributions made to different parties. Of
course, corporate funding will increase as there is no limit to how much they
can donate, loss making companies will also qualify to make payments.
