Members of parliament (MPs) often decide on their own salaries. Voters dislike self-serving politicians, and politicians are keen to gratify their voters. In line with the political business cycle theories, politicians thus may well delay deciding on increases in salaries until after elections....

This Essay attempts to capture and describe the fundamental tension that now exists in the Indian electoral funding system and considers the issues this tension presents for electoral politics in general. Instead of building a case for, or against, the constitutionality of the Electoral Bonds...