The Hindu Editorial Analysis : 31st October 2023

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

The Hindu is now synonymous with civil services aspirants. What brought on this cult readership?

Money and money.

  • The Congress party, as reported, plans to utilize a crowd-funding platform to augment its resources.
  • Embracing a familiar model, one of its key aspects will be establishing a digital trace, possibly enhancing the transparency of political funding.
  • Globally, regulating political funding poses a significant challenge due to inherent conflicts of interest.
  • While political parties operate independently from the state, they legislate on behalf of the state, including frameworks for regulating their funding.
  • The regulation of political funding typically involves capping individual donations and disclosing the funding sources.
  • Among these, revealing the origins of funding is crucial, as donation caps can be easily circumvented without identifying the donors.
  • Many leading democracies have grappled with crafting a regulatory system that effectively addresses these challenges.
  • Most EU member states stand out by resorting to state funding for political parties to somewhat level the playing field.
  • However, this approach, as observed in countries like Germany, tends to favor established parties with greater access to private funds due to public funding being linked to past election vote shares.
  • The US stands out for its political funding landscape due to a 2010 Supreme Court judgment that eliminated long-standing donation caps and permitted concealing donor identities under the condition of no formal coordination between parties and donors.
  • Consequently, the rise of “Super PACs” and the influx of “dark money” has raised concerns about foreign interference in US elections.
  • This demonstrates the immense challenge transparency in political funding presents to democracies.
  • The UK has witnessed a surge in opaque political funding through unincorporated associations, originally intended for non-profit initiatives.
  • In India, the removal of a cap on corporate donations in 2017 and the subsequent introduction of electoral bonds in 2018 have obscured the sources of funding from voters, the primary stakeholders in an election.
  • The constitutional validity of these bonds is being scrutinized by a Supreme Court bench, representing India’s most significant test case for transparent political funding.

Practice Questions:

  • How did the 2010 Supreme Court judgment in the United States significantly alter the landscape of political funding and what subsequent concerns arose from these changes?
  • What key strategies have EU member states adopted to address political funding challenges, and how do these approaches impact the balance of power among political parties?

Important Vocabs:

  • Debilitate– to make somebody’s body or mind weaker
  • Reiterate– to repeat an opinion, statement, etc
  • Emblematic– serving as a symbol of a particular quality or concept;
  • Etched– made by or subjected to etching.
  • Shackle– one of a pair of metal rings connected with a chain put around a prisoner’s wrists or ankles

 

 

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