India Inc registers 14 'electoral trusts'

March 23, 2014 15:21

With Lok Sabha polls set to begin soon, at least 14 electoral trusts have been set up by various business houses, including by giants like Tatas, Reliance, Mahindras and Bajajs, for contributing funds to various political parties.

Being registered under a new framework that mandatorily requires 'Electoral Trust' in the name, the concept has been introduced to bring in more transparency into political funding activities.

According to data available with the Corporate Affairs Ministry, at least 14 electoral trusts have been registered and the count is expected to rise further as many other corporates have initiated the process to set up such entities before polls start for electing the 16th Lok Sabha.

« Back to LIVE

TOP STORIES

Sensex revisits 74K; Nifty climbs 168 points

State Bank of India, NTPC, Nestle, Sun Pharma, JSW Steel, ITC, Mahindra & Mahindra and HCL Technologies were among the other major gainers.

Date Night For Aditi-Siddharth

The who's who of Bollywood made sure to attend Sanjay Leela Bhansali's magnum opus Web series, Heeramandi: The Diamond Bazaar.

Recipe: Richard Holkar's Murgi Survedar

This recipe has a wonderful royal touch.

SC to share case info with advocates through WhatsApp

The announcement on integration of WhatsApp with its Information and Communications Technology (ICT) services was made by the CJI before a nine-judge bench headed by him commenced the hearing on the vexed legal question arising from the...

IPL 2024: Here's what shifted momentum in DC's favour

'Our target was 180, but Rishabh was confident and he single-handedly batted very well in the last 5 overs.'