Populist guarantees within the run-up to elections have change into a standard characteristic of Indian politics. However political events and candidates don’t cease at guarantees that have to be fulfilled via the state treasury, as a result of these guarantees will not be sufficient to win the elections. Enormous sums of cash are spent on operating election campaigns and attractive voters. As Central Board of Direct Taxes Chairman Nitin Gupta identified on Wednesday, additional cash has been seized in states going to the polls now than in earlier elections. For instance, unexplained money seizures in Rajasthan this 12 months are reported to have exceeded almost Rs 1,000 crore. Given the regulatory constraints and the standard workload of the tax administration, it’s cheap to say that this can be honest.
First printed: November 16, 2023 | 10:18 pm he
(Tags for translation)Enterprise Requirements Editorial Commentary