AGARTALA / NEW DELHI, June 6 (TIWN): CPI-M general secretary Sitaram Yechury led septuagenarian party leadership already reeling under severe fund crunch due to miserable defeat in recently held Bengal Polls.Communist Party of India-Marxists (CPI-M) on Sunday revived the debate about the need to introduce state funding for elections and said corporate funding to political parties is the root cause of all electoral malpractices."You cannot stop this unless you allow state funding to the political parties," party general secretary Sitaram Yechury said here. Yechury suggested that a mechanism should be introduced under which "state funding" of political parties is allowed and the fund is then distributed to all the political parties according to their numerical strength. Commenting on TV channels that show MLAs and others talking about alleged bribe money to influence upcoming elections in Karnataka, Yechury, however, said: "Corporates are welcome if they want to fund parties. But the contribution should be kept with the Election Commission." But the fact is no corporates, industrialists are ready to waste a single rupee in CPI-M's election funding. Communist parties already lost their relevance in 21st century's rising India so CPI-M, CPI are content only a mere nine seats in 545 strength Lok Sabha.

Unfortunately, no corporates want to fund CPI-M, so party has chosen the path of massive corruption with central funded projects like MGNREGA, NHM in Tripura.