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Budget 2017 Will Put An End To Annonymous Funding To Political Parties, Says Rahul Bajaj
No amount of anonymous money in political funding is possible now, says Rahul Bajaj.
01 Feb 2017, 07:11 PM IST 
Rahul Bajaj, billionaire and chairman of Bajaj Auto Ltd., speaks to an attendee between sessions during the World Economic Forum (WEF) in Davos, Switzerland. (Photographer: Jason Alden/Bloomberg)
The proposal aimed to curb electoral funding in the Union Budget 2017 is very welcome, said Rahul Bajaj, Chairman, Bajaj Auto.
Finance Minister Arun Jaitley announced a slew of steps to bring in transparency in political funding, which included setting the cash limit on donations to political parties at Rs 2,000. Political parties continue to receive most of their funds through anonymous donations, the finance minister said in his Budget speech.
“Rs 2,000 from Rs 20,000, so no amount of anonymous money is possible now,” Bajaj said.