Impact of these reforms

• It will help to root out the problem of financing of Political Parties using black money.

• Money power in elections will decrease significantly as parties can now accept only up to RS 2000 in cash.

• Functioning of Political Parties will become more transparent and thus become more accountable towards public.

• It will reduce nexus between big corporate houses and political parties.

• In long term it will result in ethical politics and reduction in criminalization of politics.