India’s Political Parties can deposit unlimited amounts of the old Rs.500 and Rs.1000 demonetised notes into the banking system without facing any investigations. The bad part of this is that it creates a loophole in the campaign, as on the face of it, anyone with a stock of black money can donate it into politics and expect to gain some political favour down the road.
Reports say there even rumours that politicians actively offer cash money to purchase votes at times. Insisting that political parties can deposit notes no question asked, shines an interesting light upon the idea. It also gives black money holders a chance to wash their ill gotten gains into some future political favour or other.
Election Commission Officials and others have repeatedly highlighted that black money plays a huge role in elections and that parties attribute disproportionate parts of their funds to donations from volunteers.