SC Scraps Electoral Bonds Scheme, but Only After Netas Pocketed Rs 16,000 Crores
10 months, 1 week ago

SC Scraps Electoral Bonds Scheme, but Only After Netas Pocketed Rs 16,000 Crores

The Quint  

That’s the amount of money that political parties across the spectrum have pocketed under the secretive electoral bonds scheme since 2018, while petitions languished in the Supreme Court. Party-wise figures available till the end of the financial year 2022-23 show that of the Rs 12,000 crores coming in via the scheme since its inception, over Rs 6,500 crores went to the BJP, which is over 55 per cent of the total amount. The Congress and the Trinamool Congress trail way behind at around Rs 1,000 crores each. In a country where the role of money power in elections is well known, such disproportionately high funding flowing to a particular party, thanks to a political donation scheme that is totally opaque to the public, gives that political party a massive advantage.

History of this topic

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