following from the previous story, this one too says that corruption in coal goes far beyond the allocation of captive coal blocks. and that one of the larger forces driving corruption in this sector is the opaque manner in which our political parties are funded.
It was a roundtable on ‘campaign finance reforms in India’, but it brought up a mathematical equation that showed how corruption in coal could ultimately be traced to political funding. Speaking at the Observer Research Foundation event in February, BJP MP Rajiv Pratap Rudy said: “In Goa (which was going to elections then), each candidate, whether from the Congress or the BJP (or other political parties), would be spending Rs 5-7 crore.” The official Election Commission ceiling is Rs 16 lakh.
where is this money coming from? increasingly, not from politically beneficial programmes like NREGA and PDS but from minerals and natural resources.