Weekly Current Affairs

Notice

EC must consider state funding of polls: Nirmala

  • Commerce & Industry Minister Nirmala Sitharaman said the Election Commission of India (ECI) needs to look into the proposal for state funding of elections to combat the influence of cash and black money in them.
  • BJP is open to discussions with the ECI and other political parties on the issue.
  • While the government had rescued exporters through incentives like Export Promotion Councils (EPC) to address their problems stemming from weak external demand, the Commerce Ministry now expects them to shift to non-cash modes for their transactions.
  • At least from January 1, 2017, (Commerce & Industry) Ministry and EPCs will ensure that they or their members cannot afford to pay cash for their transactions.