'Ask Rahul Gandhi to Explain Rs 1,600 Cr Hafta Vasooli': Amit Shah Tears Into INDIA Bloc over Electoral Bonds
9 months ago

'Ask Rahul Gandhi to Explain Rs 1,600 Cr Hafta Vasooli': Amit Shah Tears Into INDIA Bloc over Electoral Bonds

News 18  

Union Home Minister Amit Shah is of the opinion that the Supreme Court’s decision to strike down electoral bonds will bring back the reign of black money in politics. Speaking at CNN-News18’s Rising Bharat Summit, Shah said: “The Supreme Court’s decision is binding on all citizens and I respect their verdict on electoral bonds. This is why the entire INDIA bloc led by Rahul Gandhi was against the bonds and they wanted the old system of cut money to rule over politics once again.” Explaining the rationale behind the charge, he said: “Earlier, donations would come in cash. So the argument that it was affecting government’s policies is false.” Taking a dig at Rahul Gandhi, who had termed the bonds as ‘hafta vasooli’, Shah said: “Gandhi also got Rs 1,600 crore.

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History of this topic

Electoral bond scheme’s alternative should be found: Amit Shah
6 months, 3 weeks ago

Electoral bond scheme’s alternative should be found: Amit Shah

The Hindu  

Home Minister Amit Shah believes that the influence of black money will increase during the ongoing Lok Sabha elections following the Supreme Court's decision to scrap the electoral bond scheme, and said it is for Parliament to decide on an alternative. Asked if he thought the influence of black money would increase in the ongoing elections due to the scrapping …

Electoral bonds will be back after consultations: Finance Minister Nirmala Sitharaman
8 months ago

Electoral bonds will be back after consultations: Finance Minister Nirmala Sitharaman

Hindustan Times  

The Bharatiya Janata Party intends to bring back electoral bonds in some form after wide consultations will all stakeholders if it is elected back to power in the 2024 general elections, Union finance minister Nirmala Sitharaman said on Friday, reposing her faith in the controversial political funding scheme that was scrapped by the Supreme Court in February but admitting that …

Electoral bonds country’s biggest corruption scandal: Rahul Gandhi in Karnataka
8 months, 1 week ago

Electoral bonds country’s biggest corruption scandal: Rahul Gandhi in Karnataka

Hindustan Times  

Mandya: Calling the electoral bonds the biggest extortion scam in the country, Congress leader Rahul Gandhi on Wednesday said that prime minister Narendra Modi’s hands were shivering when he was asked about the controversial bonds. However, Gandhi characterised electoral bonds as India’s largest scam, likening them to an extortion scheme run by “petty, goonda elements.” “When he was talking about …

Rahul calls electoral bonds world’s biggest ‘extortion scheme’, attacks Modi
8 months, 1 week ago

Rahul calls electoral bonds world’s biggest ‘extortion scheme’, attacks Modi

Hindustan Times  

Member of Parliament Rahul Gandhi on Wednesday called the now-scrapped electoral bonds the world’s biggest “extortion scheme” and Prime Minister Narendra Modi a “champion of corruption” as the Congress leader addressed a press conference with Samajwadi Party chief Akhilesh Yadav in Ghaziabad, which is due to go to the polls on April 26 in the second phase of national polls. …

PM Modi details 'Vision 2047', hits back at Opposition on ED raids, Electoral bonds issue | DETAILS
8 months, 1 week ago

PM Modi details 'Vision 2047', hits back at Opposition on ED raids, Electoral bonds issue | DETAILS

India TV News  

PM Modi interview: Prime Minister Narendra Modi has said that he has "big plans" for the country upon his return to the office after the Lok Sabha elections 2024, and assured that nobody needs to be "scared" of his decisions. PM Modi on 'One Nation, One Election' PM Modi reiterated his government's commitment to 'One Nation, One Election' idea, as …

Bonds, big money and an imperfect democracy
8 months, 3 weeks ago

Bonds, big money and an imperfect democracy

The Hindu  

The electoral bonds scheme that has been declared unconstitutional by the Supreme Court of India, was supposed to end the financing of elections with black money. In effect, the electoral bonds scheme was only an additional avenue for funds that political parties received. Cronyism uncovered Even though the electoral bonds formed a fraction of the total funding requirement of political …

India’s voters deserve a bond — of probity
9 months ago

India’s voters deserve a bond — of probity

The Hindu  

There are a few basic tenets of good laws and public policies: lack of ambiguity, enforceability, predictability, and accountability. As a solution, the Finance Minister proposed a reform, the EBS, which “will bring about greater transparency and accountability in political funding, while preventing future generation of black money”. However, the real twist in the tale is that according to Section …

Pradhan Mantri Hafta Vasuli Yojana | Congress' swipe at government over electoral bonds issue
9 months ago

Pradhan Mantri Hafta Vasuli Yojana | Congress' swipe at government over electoral bonds issue

The Hindu  

Stepping up its attack on the Centre over the electoral bonds issue, the Congress on March 18 accused the Modi government of "hafta vasuli" and claimed that 21 firms facing investigations from the CBI, Enforcement Directorate or I-T have donated through electoral bonds. Supreme Court directs SBI to disclose all electoral bonds details by March 21 “On November 10, 2022, …

Electoral bonds: A key poll plank for anti-BJP forces
9 months ago

Electoral bonds: A key poll plank for anti-BJP forces

Hindustan Times  

The disclosure about the Bharatiya Janata Party’s earnings from electoral bonds is expected to fuel the opposition’s narrative against the ruling party and will be a key bone of contention in the upcoming Lok Sabha elections, scheduled to begin from April 19. Following the disclosures, BJP spokesperson RP Singh said, of the ₹20,000 crore-odd electoral bonds, only ₹6,000 crore has …

Bonded favours: The Hindu Editorial on the electoral bond scheme, sordid revelations
9 months ago

Bonded favours: The Hindu Editorial on the electoral bond scheme, sordid revelations

The Hindu  

Sordid revelations that keep pouring from the disclosure of details about the purchasers and recipients of electoral bonds confirm the early apprehension of sceptics that the anonymous political funding scheme will have undesirable consequences. Ranging from likely quid pro quo deals to flagrant proximity between companies being investigated by central agencies and the purchase of electoral bonds worth hundreds of …

Electoral bonds are ‘white-collar corruption’ of the BJP: T.N. CM Stalin
9 months, 1 week ago

Electoral bonds are ‘white-collar corruption’ of the BJP: T.N. CM Stalin

The Hindu  

Alleging that the electoral bonds proved that the BJP was corrupt, DMK president and Chief Minister M.K. Addressing a public meeting in Mumbai at the culmination of Congress leader Rahul Gandhi’s Bharat Jodo Nyay Yatra, Mr. Stalin said, “Who collected ₹8,000 crore in the name of electoral bonds? Can such a Prime Minister talk about corruption?” Alleging that Mr. Modi …

Jairam Ramesh takes ‘black money’ dig at BJP over electoral bonds data
9 months, 1 week ago

Jairam Ramesh takes ‘black money’ dig at BJP over electoral bonds data

Hindustan Times  

Congress general secretary Jairam Ramesh on Sunday hit out at the central government over the electoral bonds and alleged that they have “conspired” to “route black money” into BJP's accounts through the scheme. According to the Congress leader, the electoral bonds scheme was the “biggest extortion racket” run by the ruling government. Congress general secretary Jairam Ramesh Ramesh's comments came …

Rahul Gandhi calls electoral bonds an extortion racket by PM Modi
9 months, 1 week ago

Rahul Gandhi calls electoral bonds an extortion racket by PM Modi

Hindustan Times  

Electoral bonds are a means to extort money from corporate behemoths using pressure by the Central Bureau of Investigation, Enforcement Directorate, and income tax department, said senior Congress leader Rahul Gandhi on Friday, in a fierce attack on Prime Minister Narendra Modi. It is a way of intimidating corporates and forcing them to give money to the BJP against allotment …

'Electoral bonds were brought to wipe out black money': Amit Shah
9 months, 1 week ago

'Electoral bonds were brought to wipe out black money': Amit Shah

Op India  

Union Home Minister Amit Shah at the India Today Conclave on Friday lashed out at the allegations that central agencies were used to extort companies into donating through electoral bonds. Shah asserted that electoral bonds were brought to end the use of black money in politics. Home Minister Amit Shah responds to @RahulKanwal’s question on the ED raid link to …

A Fillip To Democracy : Supreme Court's Electoral Bonds Case Verdict
10 months ago

A Fillip To Democracy : Supreme Court's Electoral Bonds Case Verdict

Live Law  

On Thursday, the Supreme Court of India gave a much needed fillip to our democracy. Through these amendments, Parliament introduced a new arrangement for financial contributions to political parties, the “Electoral Bond Scheme.” The law now allowed an individual or any “artificial juridical person,” including corporations, to buy bonds issued by the State Bank of India during stipulated periods of …

The clear message in the Court’s ‘no’ to electoral bonds
10 months, 1 week ago

The clear message in the Court’s ‘no’ to electoral bonds

The Hindu  

The judgment of the Supreme Court of India, on February 15, 2024, striking down the electoral bonds scheme, is a landmark moment. The judgment says: “The chief reason for corporate funding of political parties is to influence the political process which may in turn improve the company’s business performance.” Electoral bonds also removed the earlier limits on how much of …

SC's electoral bonds scheme verdict: How BJP stands to lose the most?
10 months, 1 week ago

SC's electoral bonds scheme verdict: How BJP stands to lose the most?

Hindustan Times  

The Supreme Court, in a landmark judgment on Thursday, delivered a big setback to the Bharatiya Janata Party-led government and annulled the electoral bonds scheme for political funding, saying it violates the Constitutional right to freedom of speech and expression as well as the right to information. All political parties put together received over ₹12,000 crore till last fiscal since …

'What did BJP sell for ₹5200 crore': Congress after SC ruling on electoral bond
10 months, 1 week ago

'What did BJP sell for ₹5200 crore': Congress after SC ruling on electoral bond

Hindustan Times  

The Congress party on Thursday trained guns on the ruling Bharatiya Janata Party after the Supreme Court struck down a scheme that allowed anonymous political donations in the form of electoral bonds. “We want to know what has BJP sold in exchange for the ₹5200 crore it received in the form of 'electoral bonds'?” Pawan Khera, Congress's media and publicity …

‘Quid pro quo...’: What SC said while declaring electoral bonds ‘unconstitutional’
10 months, 1 week ago

‘Quid pro quo...’: What SC said while declaring electoral bonds ‘unconstitutional’

Firstpost  

In what is being termed as perhaps the most significant verdict of the year, the Supreme Court today struck down the electoral bond scheme, terming it to be violative and unconstitutional. File image/PTI ‘Unlimited contribution by companies is unconstitutional’ The SC bench also stated that through electoral bonds companies could exert undue influence on political parties. Amendment to Section 182 …

'Proof of Modi govt's corrupt policies': Rahul Gandhi after SC declares electoral bonds unconstitutional
10 months, 1 week ago

'Proof of Modi govt's corrupt policies': Rahul Gandhi after SC declares electoral bonds unconstitutional

India TV News  

Congress leader Rahul Gandhi on Thursday slammed the NDA government after Supreme Court struck down electoral bonds as 'unconstitutional' saying that the bonds were yet another evidence of Modi government's corrupt practices. "The Supreme Court has held the much-touted electoral bonds scheme of the Modi Sarkar as violative of both laws passed by Parliament as well as the Constitution of …

Validity of electoral bonds scheme | Supreme Court fixes April 11 to examine whether petitions need to be referred to Constitution Bench
1 year, 9 months ago

Validity of electoral bonds scheme | Supreme Court fixes April 11 to examine whether petitions need to be referred to Constitution Bench

The Hindu  

The Supreme Court on March 21 fixed April 11 to examine whether petitions challenging the validity of electoral bonds scheme need to be referred to a Constitution Bench. Explained | The electoral bonds scheme and the challenges to it in Supreme Court Mr. Farasat argued that the issue of election bonds raised cardinal and substantial questions of law affecting fair …

Electoral Bonds of over ₹10,700 crore purchased since 2018, says activist
2 years ago

Electoral Bonds of over ₹10,700 crore purchased since 2018, says activist

The Hindu  

Electoral Bonds worth over ₹10,700 crore have been purchased between 2018 and October this year in 22 phases of their sale, according to a Right to Information reply. The Department of Economic Affairs, which is under the Finance Ministry, in response to an RTI request filed by transparency activist Commodore Lokesh Batra stated that 24,650 Electoral Bonds of the denomination …

Electoral bonds scheme: Supreme Court says it will take up matter
2 years, 8 months ago

Electoral bonds scheme: Supreme Court says it will take up matter

The Hindu  

Chief Justice of India N.V. Ramana on Tuesday told advocate Prashant Bhushan that the court wanted to take up earlier a long-pending challenge against the government’s electoral bonds scheme, but the COVID-19 pandemic played spoilsport. The electoral bonds scheme and amendments in the Finance Act of 2017 allows for “unlimited donations from individuals and foreign companies to political parties without …

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