Hyderabad, Jan. 9 -- Expressing serious concern over rising money power eroding the credibility of the country's democratic polity, Vice President of India and Chairman of Rajya Sabha, M. Venkaiah Naidu has called for effective laws of Parliament in quick time and simultaneous polls to check the menace. Speaking at a conference on 'Money Power in Politics' organized by the Foundation for Democratic Reforms, Bharat Institute of Public Policy and the University of Hyderabad, in Hyderabad today, Naidu spoke at length on the causes and consequences of unbridled use of money by both the governments and political parties to lure the voters.
Naidu noted that it is a reality that a millionaire has much better chances of becoming an MP or an MLA...