It will become impossible for anyone to run Political parties with black money, as the government has introduced election finance bond documents with which the parties can get funds collected, and the same was announced by finance minister Arun Jaitley in the Loksabha session. Most of the political outfits thrive with the help of funds offered by big businessmen and celebrities, and Indian politics seems to be the richest zone with money flowing everywhere right from campaigning to advertising to brand marketing.



With such involvement of industrialists, the involvement of black money will become inevitable, as the politicians will have to support those businessmen who contributed funds. To avoid this, government has introduced election fund bonds, which the contributing parties can get from state bank of India branches and use it to transfer money to bank accounts of political parties. These documents will be available only on 10 days of January, April, July and October months.

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However in the year general elections are about to be held, the bonds will be available on all days of the months and the payments must be made within 15 days of obtaining of the bond. And the bonds start from values of Rs 1000, 10000, 1 Lakh and 1 Crore. The customer who gets the bond will not be required to fill his name in the bond, so that his privacy will be secure and his transaction will be anyways recorded in his personal account via which the fund was contributed. These bonds are available only for Indian citizens and can be used for contributing to parties which secured at least 1 percentage of votes in previous general elections.

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