Names and bonds: The Hindu Editorial on electoral bonds scheme, the Supreme Court, and the State Bank of India
1 year ago

Names and bonds: The Hindu Editorial on electoral bonds scheme, the Supreme Court, and the State Bank of India

The Hindu  

The Supreme Court’s refusal to grant any further time to the State Bank of India to furnish details of those who purchased and parties that encashed electoral bonds since April 2019 has foiled an ill-advised attempt to seek postponement of the disclosure until after the general election. The upshot of the bank’s application for time until June 30 is that it is now quite clear that it must disclose the data available to it, and need not try and match the names of the donors with the parties. It appears that the initial directions of the Constitution Bench, as part of its February 15 judgment invalidating the electoral bonds scheme, had been construed to mean that the SBI was required to match with exactitude all the purchasers with the recipients. A question may arise as to whether the voters’ right to information, the very basis for the Court finding the anonymous donation scheme unconstitutional, will be fulfilled by mere disclosure of the names of bond purchasers and the parties that received the funds, without authentic data on who donated what amount to which party.

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