Election Commission Mandates Banking System for Campaign Finance in Upcoming General Elections
Summary
The Election Commission of Nepal mandates all political parties and candidates to manage campaign finances through a bank account to ensure transparency and accountability in the upcoming general elections.
Key Points
- The Election Commission has issued a procedure mandating that all political campaign finances be processed through bank accounts.
- This measure aims to integrate political party and candidate expenditures into the banking system to discourage cash transactions.
- Political parties and candidates must obtain recommendations to open accounts in designated banks for election campaigning.
- The move is expected to improve transparency, facilitate auditing, and enhance public trust in the electoral process.
