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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
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Transparency in donation also helps boost morale of country’s business community that has faced many hassles to adjust their account because they were forced to provide donation in such a way that they could not keep any record of such donation. Political parties should ensure that election is not an event to terrorize business community. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
<div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
<div>
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<div>
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<div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
<div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque.
The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights.
Principally, the major share of funding should be from voluntary contribution but that is not happening in Nepal. Almost all political parties tend to amass cash by force. Forceful donation drive by political parties has become common phenomenon and has terrorized the entire business community.
The recent announcement of Nepali Congress has provided strong ground to business community to bring donation issue in public domain. Other political parties should be ready to do the same. As public political institutions, political parties should be proactive to disclose their information to public and arrange for regular briefings using various information demystification channels.
On the other hand, all political parties should be ready for the public audit of their income and expenditure since transparency is considered the hallmark of democracy. Political parties should pledge to introduce a law to ban anonymous donations.
Against this backdrop, it is high time to address the demand for public disclosure of political finances because: 1) it helps prevent financial abuse during election, and 2) it is necessary to promote healthy political competition.
We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same.
Transparency in donation also helps boost morale of country’s business community that has faced many hassles to adjust their account because they were forced to provide donation in such a way that they could not keep any record of such donation. Political parties should ensure that election is not an event to terrorize business community.
Nepal needs to set up a mechanism that can make for accountability on the sources and utilisation of party funds. The present opportunity and its timing can be used to promise the much-needed change since the country is ready to go for new CA election.
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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The recent announcement of Nepali Congress has provided strong ground to business community to bring donation issue in public domain. Other political parties should be ready to do the same. As public political institutions, political parties should be proactive to disclose their information to public and arrange for regular briefings using various information demystification channels. </div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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Principally, the major share of funding should be from voluntary contribution but that is not happening in Nepal. Almost all political parties tend to amass cash by force. Forceful donation drive by political parties has become common phenomenon and has terrorized the entire business community. </div>
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Against this backdrop, it is high time to address the demand for public disclosure of political finances because: 1) it helps prevent financial abuse during election, and 2) it is necessary to promote healthy political competition. </div>
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</div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
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</div>
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Transparency in donation also helps boost morale of country’s business community that has faced many hassles to adjust their account because they were forced to provide donation in such a way that they could not keep any record of such donation. Political parties should ensure that election is not an event to terrorize business community. </div>
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Nepal needs to set up a mechanism that can make for accountability on the sources and utilisation of party funds. The present opportunity and its timing can be used to promise the much-needed change since the country is ready to go for new CA election.</div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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<span style="font-size: 12px;">In a commendable move, Nepali Congress has recently promised that it is ready to reveal sources of funds it collects for the coming elections. The party has announced its commitment also to accept donation through cheque. </span></div>
<div>
</div>
<div>
The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
<div>
</div>
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Principally, the major share of funding should be from voluntary contribution but that is not happening in Nepal. Almost all political parties tend to amass cash by force. Forceful donation drive by political parties has become common phenomenon and has terrorized the entire business community. </div>
<div>
</div>
<div>
The recent announcement of Nepali Congress has provided strong ground to business community to bring donation issue in public domain. Other political parties should be ready to do the same. As public political institutions, political parties should be proactive to disclose their information to public and arrange for regular briefings using various information demystification channels. </div>
<div>
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<div>
</div>
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Against this backdrop, it is high time to address the demand for public disclosure of political finances because: 1) it helps prevent financial abuse during election, and 2) it is necessary to promote healthy political competition. </div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
<div>
</div>
<div>
Transparency in donation also helps boost morale of country’s business community that has faced many hassles to adjust their account because they were forced to provide donation in such a way that they could not keep any record of such donation. Political parties should ensure that election is not an event to terrorize business community. </div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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We need a body akin to what was set up in the U.S. under the Federal Election Campaign Act 1974. The US agency called the Federal Election Commission supervises all financial transactions by political bodies that have solicited or spent money to support or defeat federal candidates. The organisation verifies all reports presented, and discloses the same to the public and the media. Election Commission in Nepal should be empowered to do exactly the same. </div>
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<div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
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<div>
</div>
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The announcement may have provided relief to business community. It is a common practice around the world that political parties collect funds from donation to build and sustain the organisation, to train party cadres and fight elections. Equally important fact is that the sources of such funding undeniably influence the behaviour of the funded party if it comes to power. So this issue impacts directly on democratic rights. </div>
<div>
</div>
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