A ceiling on party expenditure in campaigning, for which the Election Commission (EC) has been pressing political parties and the Government, will see "the light of day in time to come", says Chief Election Commissioner O P Rawat.
Rawat, who demits office on Saturday, said his "only regret" as head of the poll panel is that the EC was unable to recommend to the Law Ministry a fresh "legal framework" in tune with the changing times vis-a-vis the use of money and social media.
Sunil Arora will take over as the new Chief Election Commissioner on Sunday.
Responding to a question on transparency in funding of political parties, Rawat told PTI in an interview that it is "a long-term reform".
"... All political party meeting in August (this year) had recommended that there should be a ceiling on party expenditure and commensurately there should be transparency in funding. I think it will see the light of day in time to come," he said.
Almost all parties agreed to a cap on expenditure, he added.
The election watchdog has been pushing for greater transparency in election-related expenditure by parties and candidates.