In India, the only industry that has got a free hand is ‘Politics’.
It is the largest and least regulated, players make their own rules, break at will, change their own goal posts and don’t want any umpire (Lokpal? Perish the thought!).
The investment cap for a MP is 70Lacs, for a MLA, it’s 28Lacs. But this limit is crossed by at least 20-30 times.
Though, worry not, the minimum returns that you get is going to be 500% in one term. Until then, a MP or MLA is not even nearly satisfied.
And literally everybody knows this. But you see, these are “facts of life” in India.
Last time, an Election Commissioner attempted to clean up was 25 years ago, an upright IAS, T.N Seshan.
Don’t know, who will and when someone is going to take that avatar again..