India Inc forms companies to fund politics, tax free

Companies have already begun to work out their exposure to political parties in the 2014 general elections. Two corporate groups, Vedanta and Mahindra, have been first off the block to set up their electoral trust companies. The two entities — Janhit Electoral Trust and Mahindra Electoral Trust Company — were registered in August and December 2013, respectively, to make political donations, data bank of the ministry of corporate affairs shows.

Read Full Story>>