Election Commission Approves Directive Mandating Separate Bank Accounts for Campaign Finance Transparency
Summary
The Election Commission has mandated that political parties and candidates open separate bank accounts for election publicity to ensure transparent and economical election expenditure.
Key Points
- The Election Commission has approved a procedure mandating separate bank accounts for election publicity expenses by political parties and candidates.
- All financial contributions and expenditures related to election publicity must be made through these bank accounts in Nepali currency.
- Contributions from prohibited entities including government bodies, foreign entities, and certain organizations are banned.
- The Office of the Financial Comptroller General is tasked with monitoring expenditures to enforce transparency and prevent misuse.
