Ban corporate, NGO donations to political parties- Owaisi

It is easier to run a political party than fight elections for smaller political outfits like AIMIM due to paucity of election funds, party chief Asaduddin Owaisi said here on Thursday even as he opined there should be a ban on corporate and NGO donations to political parties.

Speaking atthe first edition ofIndian Democracy at Work conference at Indian School of Business (ISB), he said electoral bonds "defile" as far as transparency is concerned.

There was no level playing field, he said, adding that the real cost of sustaining a political party was in competing with disproportionately richer political groups, which are now backed by corporate donations.

This means that parties would not only have to compete for voters, but also for being in the good books of large businesses, he said.

"Therefore the most urgent reform, I am of the opinion, is to prohibit all forms of corporate donations and prohibit NGO donations. Let citizens of India contribute," he said.

Describing ...