Cash donation limit to parties slashed to Rs 2000: @arun jaitely

Arun jaitely announces that maximum cash donation to political parties can be Rs 2000, down from the current Rs 20,000. Political parties can receive donations only by cheque/digital mode. Electoral bonds to be issued, which can be bought from banks by donors only through cheques/digital modes, and redeemable only in the account of registered political parties.
Every political party will have to file returns in accordance with the I-T Act, and exemption from income tax will be available only on compliance with these requirements.