He said Barack Obama, during his first election to US Presidency, also had favoured small donations through digital mode.
the donor will be giving tax paid money, if you have improvement to suggest we are open for discussion," the Finance Minister said.
While justifying the proposal for small cash donations, Jaitley said bulk of the political fund is unaccounted.
He said Barack Obama, during his first election to US Presidency, also had favoured small donations through digital mode.
Jaitley said the parties should have no problem with small donations as they usually have lakhs of followers.
Earlier, Bhartruhari Mahtab (BJD) said the proposal for issuing electoral bonds announced in the Budget was a good idea but impractical.
Explaining in detail, he said, such bonds will have serial numbers which government of the day, by using its influence, can find out from issuing banks the name of the person and hence the anonymity clause is not secure.
If they are without serial number, then it is prone to be misused as was done by scamsters Harshad Mehta and Telgi, the BJD member said.
Jai Prakash Narayan Yadav (RJD) said the Budget had no sweetener for poor, downtrodden and farmers.
He also alleged that the government has gone back on their promise as far as special package for Bihar is concerned.
K C Venugopal (Cong) termed Pradhan Mantri Adarsh Gram Yojana as bogus scheme and said MPs are unable to implement this because government has not allocated any fund for it.
Many other MPs form opposition party raised this concern.
Kalyan Banerjee (TMC) demanded to know from the Government how much black money has been recovered post the demonetisation.
"Budget does not reflect the vision of future. It is silent on cost and benefits of demonetisation. It does not give details of how much money is lying in foreign bank accounts," he said.
Banerjee termed the plan to infuse Rs 10,000 crore capital infusion in PSU banks as 'cruel joke' as the banking sector was saddled with Rs 6 lakh crore worth NPAs.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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