Former Union Finance Minister P Chidambaram on Saturday echoed the voice of Chief Minister Mamata Banerjee and stressed on the importance of state funding in the election which according to him is an effective instrument to check corruption and the use of black money.
It may be recalled that Banerjee over time and again insisted on introducing election funding from the state fund to stem corruption.
He was speaking at Kolkata Literary Meet, 2017 at the Victoria Memorial here on Saturday. While addressing a gathering Chidambaram also proposed the formation of 'Electoral Trust' in which the top industrialists may contribute and the money that would be spent for campaign would be channelised through the 'Electoral Trust'.
"Getting a ticket for contesting an election has become a costly affair. Election Commission is partly responsible for this. Political parties often distribute cash among the voters and the Election Commission has driven the election campaign underground. If the election is conducted through state funding it would prevent the corruption," Chidambaram said.