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Indian firms form electoral trusts to fund parties

Non-profit entities under Companies Act expected to ensure transparency

AHEAD of one of the most avidly watched general elections in Indian history, "Electoral Trusts" are being set up by a slew of top corporate houses - including the Tata group, Reliance, Mahindra & Mahindra, Aditya Birla Group and Bharti Group - to bankroll the expenses of political parties