Electoral bonds versus electoral trusts: The debate raging since Independence
10 months ago

Electoral bonds versus electoral trusts: The debate raging since Independence

Hindustan Times  

While striking down the Electoral Bonds Scheme last week, the Supreme Court’s constitution bench suggested reverting to an existing electoral trust mechanism that allows for pooling of sums of money from different entities and leaves it upon the trust’s management to decide where the money goes — thus putting some distance between the political organisation and the donor. Some of this black money was funnelled back to political parties and candidates for favourable policy decisions, a paper titled ‘Reforming India’s party financing and election expenditure laws’ published in 2012 stated. In 1990, the Dinesh Goswami Committee recommended limited state funding for campaign expenses and advocated for a ban on corporate donations to political parties, leaving a gap in campaign finance. Between the 2013-14 and 2022-23 financial years, ₹2,603.3 crore was contributed to political parties via various electoral trusts.

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History of this topic

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 …

Electoral Bonds Biggest Extortion Scam, Alleges Rahul Gandhi
8 months, 1 week ago

Electoral Bonds Biggest Extortion Scam, Alleges Rahul Gandhi

Deccan Chronicle  

Bengaluru: Congress leader Rahul Gandhi on Wednesday termed the electoral bonds as a “biggest extortion scam” where donations were collected by way of threats and money has been allegedly looted by the Bharatiya Janata Party holding reins at the Centre. “Usually, petty goons engage in issuing threats and loot money and in ordinary language, it is called as an extortion,” …

​Pandora’s box: The Hindu Editorial on the electoral bonds scheme, emerging details
8 months, 2 weeks ago

​Pandora’s box: The Hindu Editorial on the electoral bonds scheme, emerging details

The Hindu  

In the last month or so, ever since the State Bank of India was compelled by the Supreme Court of India to release information on donations via electoral bonds to political parties, emerging details have only confirmed the worst fears of naysayers in regulatory and policy-making institutions about the scheme before it was introduced by the Bharatiya Janata Party -led …

Electoral Bonds Case: Company electoral bonds purchases exceed 7.5% cap by ₹1,377.9 crore in 2022-24 | Data
8 months, 2 weeks ago

Electoral Bonds Case: Company electoral bonds purchases exceed 7.5% cap by ₹1,377.9 crore in 2022-24 | Data

The Hindu  

The Supreme Court’s February 15 verdict on electoral bonds had held the deletion of a provision contained in Section 182 of the Companies Act, 2013, which enabled unlimited corporate contributions to political parties as “violative of Article 14 of the Indian constitution”. Based on an analysis, the electoral bond data relating to 385 companies that had donated bonds totalling ₹5,362.2 …

Electoral Bonds: 33 loss-making firms donated electoral bonds worth ₹582 crore, 75% went to BJP | Data
8 months, 3 weeks ago

Electoral Bonds: 33 loss-making firms donated electoral bonds worth ₹582 crore, 75% went to BJP | Data

The Hindu  

The sources of funds of at least 45 companies that donated electoral bonds to various political parties are found to be suspect based on a joint analysis by The Hindu and an independent research team. Electoral bonds data | Many pharma companies that bought electoral bonds faced regulatory actions Six companies donated a total of ₹646 crore, out of which …

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 …

Sordid scheme: The Hindu Editorial on the electoral bond scheme, electoral financing
8 months, 4 weeks ago

Sordid scheme: The Hindu Editorial on the electoral bond scheme, electoral financing

The Hindu  

Following the Supreme Court of India-ordered release of the final tranche of data from the State Bank of India, it has now been possible to get a nearly complete picture of electoral financing, which was once an opaque route. The SBI had to release data of the unique numbers for electoral bonds purchased by corporate and individual donors and later …

India Reveals Biggest Donors to Modi’s Party Under Now-Banned Electoral Bond
9 months ago

India Reveals Biggest Donors to Modi’s Party Under Now-Banned Electoral Bond

Live Mint  

-- Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Megha Engineering and Infrastructures Ltd. was the largest donor to Prime Minister Narendra Modi’s Bharatiya Janata Party over the past five years, purchasing about 6.7 billion rupees of electoral bonds, …

Electoral bonds are ‘post-raid’ bribes to BJP-led government: Jairam Ramesh
9 months ago

Electoral bonds are ‘post-raid’ bribes to BJP-led government: Jairam Ramesh

Hindustan Times  

New Delhi: Senior Congress leader and MP Jairam Ramesh on Saturday said that the electoral bonds are “pre-paid”, “post-paid” and “post-raid” bribes, through which the central government had given Rs.3.8 lakh crore in projects and contracts to private companies in exchange for Rs.2,004 crore in donations to the Bharatiya Janata Party. In its 2019 manifesto, the Congress promised to scrap …

Electoral bonds: Donor-party link public after SC push
9 months ago

Electoral bonds: Donor-party link public after SC push

Hindustan Times  

The Election Commission of India on Thursday released State Bank of India data listing the unique serial number linked with each electoral bond and other details about beneficiaries and donors, allowing the matching purchasers of bonds with the political parties that received the funds. Under the 2018 EB scheme — which was quashed by a Constitution bench of the Supreme …

Electoral Bonds case | SBI confirms to Supreme Court its ‘complete disclosure’ of electoral bonds data
9 months ago

Electoral Bonds case | SBI confirms to Supreme Court its ‘complete disclosure’ of electoral bonds data

The Hindu  

The State Bank of India on Thursday informed the Supreme Court that it has made a “complete disclosure” of all the details regarding the purchase and encashment of electoral bonds in its possession and custody to the Election Commission of India for publication on its official website. In an affidavit, SBI chairman Dinesh Kumar Khara said that the information shared …

Electoral Bonds Misinformation Debunked: From 'Pak Funding' Myths To Politicians Twisting Data
9 months ago

Electoral Bonds Misinformation Debunked: From 'Pak Funding' Myths To Politicians Twisting Data

ABP News  

A Google search for Hub Power Company in India directed us to a Delhi-based enterprise registered in 2018 as a proprietorship on the official Goods and Service Tax website. SII's Rs 52 crore donation via 'electoral bonds' Another viral post on social media claimed that the Pune-based vaccine manufacturer Serum Institute of India donated over Rs 50 crore to the …

Electoral Bonds: Many pharma companies that bought electoral bonds faced regulatory actions
9 months ago

Electoral Bonds: Many pharma companies that bought electoral bonds faced regulatory actions

The Hindu  

March 19, 2024 07:21 pm | Updated March 20, 2024 03:19 pm IST On March 15, The Hindu reported that many top purchasers of electoral bonds had also been under the Enforcement Directorate’s or the Income Tax Department’s scanner at some point in the last five years. Complete coverage | Making sense of the electoral bonds data Pharma companies Hetero …

Mother of Democracy? Electoral Bonds are the Annihilation of Democratic Values
9 months ago

Mother of Democracy? Electoral Bonds are the Annihilation of Democratic Values

The Quint  

Fresh data on the purchase patterns of electoral bonds emerged over the weekend. According to an investigation by The Quint, “The new figures revealed that the Bharatiya Janata Party received Rs 2,658.35 crore in electoral bonds between 9 March 2018 and 11 April 2019. The Congress party received Rs 530.1 crore, Trinamool Congress got Rs 97.28 crore, and the Biju …

Electoral Bonds: IT majors such as Infosys, Cyient and Zensar on list of donors
9 months ago

Electoral Bonds: IT majors such as Infosys, Cyient and Zensar on list of donors

Live Mint  

Electoral Bonds: Information technology and engineering services companies, including Infosys, Cyient, and Zensar Technologies, have been identified as donors to political parties through the electoral bonds scheme, as per data released on March 17 by the Election Commission of India. Party-wise list of funding through EBS made public on March 17 — The Bharatiya Janata Party encashed electoral bonds totalling …

Election commission data shows 15 prominent corporate figures bought electoral bonds: Report
9 months ago

Election commission data shows 15 prominent corporate figures bought electoral bonds: Report

Hindustan Times  

The Election Commission of India's disclosure of electoral bonds data indicates that a total of 333 individuals bought bonds amounting to ₹358.91 crore between April 2019 and January 2024, The Indian Express reported. The Election Commission released data received from political parties on electoral bonds, which it had given to the Supreme Court in sealed covers. Here is the list …

Propagandists target BJP over Electoral Bonds, ignore Opposition parties benefiting from same
9 months ago

Propagandists target BJP over Electoral Bonds, ignore Opposition parties benefiting from same

Op India  

As the 2024 Lok Sabha Elections are approaching, the issue of political donations via electoral bonds has surged to the forefront. Days before the General Elections’ dates were announced, the Supreme Court directed the Election Commission of India to publish all the details of donors and political parties that received donations via electoral bonds. Furthermore, regional parties like DMK and …

ECI uploads more data on bonds till November 2023
9 months, 1 week ago

ECI uploads more data on bonds till November 2023

Hindustan Times  

The Election Commission of India on Sunday uploaded all electoral bond-related documents that it received from political parties in 2019 and November 2023 in sealed covers, which it had subsequently submitted to the Supreme Court. Between April 12, 2019 and February 15, 2024, VM Salgaocar and Brother bought bonds worth ₹1.5 crore while an associated company, VM Salgaocar Corporation Private …

Electoral bonds: A key poll plank for anti-BJP forces
9 months, 1 week 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 …

Electoral bonds: Election commission releases data. Which party received how much? 10 points
9 months, 1 week ago

Electoral bonds: Election commission releases data. Which party received how much? 10 points

Hindustan Times  

The Election Commission of India on Sunday released data received from political parties on electoral bonds, which it had given to the Supreme Court in sealed covers, following a directive from the apex court to make it available to the public. The Election Commission of India made data received from political parties on electoral bonds public on Sunday. The election …

Biggest purchaser of Electoral bonds is a Lottery firm, EC reveals in fresh details
9 months, 1 week ago

Biggest purchaser of Electoral bonds is a Lottery firm, EC reveals in fresh details

Firstpost  

Providing details after April 12, 2019, the EC’s report revealed that the Bharatiya Janata Party emerged as the largest beneficiary of the electoral bonds scheme, receiving Rs 6,061 crore in political donations over the last five years The Election Commission of India has disclosed additional details regarding electoral bonds, including the amount redeemed per political party on March 17. Political …

Bonded favours: The Hindu Editorial on the electoral bond scheme, sordid revelations
9 months, 1 week 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 | Biggest beneficiaries claim inability to reveal donor names
9 months, 1 week ago

Electoral bonds | Biggest beneficiaries claim inability to reveal donor names

The Hindu  

Most large recipients of funding via electoral bonds, including the Bharatiya Janata Party, the Congress, and the Trinamool Congress have not shared any details about their donors, in submissions made to the Election Commission of India under the direction of the Supreme Court in May 2019 and November 2023. For full coverage | Making sense of the electoral bonds data …

In Northeast, only Sikkim parties received funds through electoral bonds
9 months, 1 week ago

In Northeast, only Sikkim parties received funds through electoral bonds

The Hindu  

GUWAHATI Only two parties from the North-East – both from Sikkim – received funds through the electoral bonds scheme introduced in 2018, two data sets five years apart uploaded by the Election Commission of India revealed. According to the data shared by the State Bank of India last week, the Sikkim Democratic Front, which ruled the Himalayan State from December …

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 …

Biggest loot in Indian history under the garb of electoral bonds: M. M. Hassan
9 months, 1 week ago

Biggest loot in Indian history under the garb of electoral bonds: M. M. Hassan

The Hindu  

Prime Minister Narendra Modi’s claim of being untainted by corruption has fallen apart with the publication of partial data of electoral bond purchase, Kerala Pradesh Congress Committee acting president M.M. The biggest loot in Indian history has been carried out under the garb of electoral bonds. Ramesh, which purchased electoral bonds worth ₹45 crore in two tranches soon after it …

‘Electoral bonds is an experiment’: RSS general secretary Dattatreya Hosabale
9 months, 1 week ago

‘Electoral bonds is an experiment’: RSS general secretary Dattatreya Hosabale

Hindustan Times  

Rashtriya Swayamsevak Sangh general secretary Dattatreya Hosabale on Sunday reacted to the concerns raised on the electoral bonds data, saying that it is just an “experiment”, adding that “questions are raised when a new thing comes up”. RSS general secretary Dattatreya Hosabale “It is not that electoral bonds have suddenly been introduced today, it was brought earlier also. Hence, the …

Election Commission makes public new electoral bonds data
9 months, 1 week ago

Election Commission makes public new electoral bonds data

Hindustan Times  

The Election Commission released new data regarding electoral bonds purchased by individuals and redeemed by political parties on its website on Sunday. The Election Commission had previously submitted data on electoral bonds purchased in a sealed cover to the Supreme Court on April 12, 2019. Key takeaways from ECI electoral bonds data • The Bharatiya Janata Party encashed electoral bonds …

Electoral bonds display ‘scientific corruption’ methods of the BJP: Former Puducherry CM
9 months, 1 week ago

Electoral bonds display ‘scientific corruption’ methods of the BJP: Former Puducherry CM

The Hindu  

Accusing the BJP of indulging in “scientific corruption” to raise party funds, former Puducherry Chief Minister V. Narayanasamy on Saturday demanded a detailed probe into the money received through the electoral bond scheme, by the BJP. Addressing a press conference, he said details emerging from the disclosures made on purchasers of electoral bonds revealed that many of the donors were …

Data on electoral bonds gives Opposition some ammunition ahead of Lok Sabha elections
9 months, 1 week ago

Data on electoral bonds gives Opposition some ammunition ahead of Lok Sabha elections

Hindustan Times  

The disclosure of electoral bonds data by the Election Commission of India and the State Bank of India has added new ammunition to the Opposition’s arsenal ahead of the Lok Sabha elections, people aware of the matter said on Friday, adding that INDIA bloc parties devised plans to use the data to attack the Bharatiya Janata Party. Under the plan, …

Conflict of interest is built into the idea of electoral bonds
9 months, 1 week ago

Conflict of interest is built into the idea of electoral bonds

Hindustan Times  

“Martin, who” did you say? Electoral bonds were meant to mark the end of the suitcase-era of political funding — days when cash was stuffed into attache cases and handed over and under tables. And because no one really wants to have this unsexy conversation, it’s much easier to indulge in competitive political outrage over electoral bonds and watch the …

Making sense of the electoral bonds data
9 months, 1 week ago

Making sense of the electoral bonds data

The Hindu  

In a latest development in the electoral bonds case, the Supreme Court on March 18 asked the State Bank of India to disclose “full details” related to the electoral bonds, including the alphanumeric number that would disclose the link between the buyer and the recipient political party. Among political parties, the Bharatiya Janata Party encashed electoral bonds worth ₹6,060.5 crore …

What does Electoral Bond data published by the ECI tell us?
9 months, 1 week ago

What does Electoral Bond data published by the ECI tell us?

Hindustan Times  

In the electoral bonds data released yesterday, the only identifier on the donor side is the name of the company or individual. In the data released, there are 1,260 companies and individuals that purchased electoral bonds worth ₹12,769 crore. The top 20, all companies, accounted for ₹5,945 crore—or nearly half of the total amount donated through electoral bonds. Companies with …

Future Gaming and Hotel Services purchased Rs 1,368 crores worth electoral bonds, most among firms
9 months, 1 week ago

Future Gaming and Hotel Services purchased Rs 1,368 crores worth electoral bonds, most among firms

The Hindu  

Future Gaming and Hotel Services PR whose managing director is the well known lottery magnate Santiago Martin, is the largest donor to political parties for the period April 12, 2019 to January 24, 2024, the electoral bonds data released by the Election Commission, on receipt from the State Bank of India, revealed. The table shows the donors who purchased Electoral …

Electoral bonds data: BJP received Rs 6,060 crore, highest among all parties
9 months, 1 week ago

Electoral bonds data: BJP received Rs 6,060 crore, highest among all parties

The Hindu  

March 14, 2024 10:18 pm | Updated March 21, 2024 09:02 pm IST The Bharatiya Janata Party encashed electoral bonds worth ₹6060.5 crore — the highest among all parties — between April 12, 2019 and January 24, 2024. The All India Trinamool Congress received ₹1,609.50 crore via this route followed by the Congress ₹1,421.9 crore, the second and third biggest …

Electoral Bonds Case: SBI files compliance affidavit in SC after sending electoral bonds details to EC
9 months, 1 week ago

Electoral Bonds Case: SBI files compliance affidavit in SC after sending electoral bonds details to EC

The Hindu  

The State Bank of India on March 13 informed the Supreme Court that details of electoral bonds anonymously purchased by contributors and encashed by political parties between April 2019 and February 15, 2024 were hand-delivered to the Election Commission of India in order to facilitate public disclosure of political funding. The SBI said a total of 22,217 electoral bonds were …

Explainer | Ctrl + Delete: Electoral Bonds
10 months ago

Explainer | Ctrl + Delete: Electoral Bonds

New Indian Express  

"Political contributions give a seat at the table to the contributor. This access also translates into influence over policy-making,” said Supreme Court Chief Justice D Y Chandrachud while declaring the electoral bond scheme illegal in a landmark judgment on February 15. The CJI’s sharp words underscore the notion of the unholy nexus between money power and political parties, and how …

Making sense of electoral bond judgment through data
10 months ago

Making sense of electoral bond judgment through data

The Hindu  

Last week, the Supreme Court ruled the electoral bonds Scheme unconstitutional, saying that the anonymous influx of funding to political parties, especially from corporations, hinders democratic legitimacy. In Justice Sanjiv Khanna’s opinion, “access to information which can materially shape the citizens’ choice is necessary for them to have a say in how their lives are affected.” This meant Solicitor General …

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 Hindu Morning Digest, February 16, 2024
10 months, 1 week ago

The Hindu Morning Digest, February 16, 2024

The Hindu  

Supreme Court declares electoral bonds scheme unconstitutional In a landmark unanimous judgment, the Supreme Court on Thursday struck down as “unconstitutional and manifestly arbitrary” the electoral bonds scheme, which provides blanket anonymity to political donors, as well as critical legal amendments allowing rich corporations to make unlimited political donations. Matching buyers of electoral bonds with recipients could be tricky, say …

Ban on India’s electoral bonds: How will it affect 2024 election?
10 months, 1 week ago

Ban on India’s electoral bonds: How will it affect 2024 election?

Al Jazeera  

While transparency advocates and opposition leaders say ban is a big win for democracy, Modi’s BJP dominates other political funding and remains confident ahead of national elections. Opposition leaders say the judgement represents a setback for Prime Minister Narendra Modi’s ruling Bharatiya Janata Party, whose government introduced the electoral bonds scheme seven years ago and which battled long and hard …

DC Edit | Electoral bond scheme was bound to fail test of probity
10 months, 1 week ago

DC Edit | Electoral bond scheme was bound to fail test of probity

Deccan Chronicle  

By striking down the electoral bonds scheme, introduced by the National Democratic Alliance government in 2017, the Supreme Court has put an end to one of the most opaque, devious, corrupt and undemocratic ways of political funding in this country. The apex court has held the scheme, under which individuals and companies can purchase bonds issued by the State Bank …

Since 2018, BJP got 54.8% of electoral bonds encashed: Data
10 months, 1 week ago

Since 2018, BJP got 54.8% of electoral bonds encashed: Data

Hindustan Times  

In 25 phases between March 2018 and March 2023, electoral bonds worth ₹11,984.91 crore were encashed with the Bharatiya Janata Party receiving 54.8%, or ₹6,566.12 crore, according to data furnished by political parties to the Election Commission of India and phase-wise data collated by the Association for Democratic Reforms. Of this, 219 bonds worth nearly ₹26 crore have not been …

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 …

India’s top court strikes down system for anonymous political donations ahead of national elections
10 months, 1 week ago

India’s top court strikes down system for anonymous political donations ahead of national elections

Associated Press  

NEW DELHI — India’s top court on Thursday struck down a controversial election funding system that allowed individuals and companies to send unlimited donations to political parties without the need to disclose donor identity, a system critics have long said is undemocratic and favored Prime Minister Narendra Modi’s ruling party. A five-judge constitution bench on the Supreme Court ruled that …

Electoral Bond Scheme: As SC judgment awaits; a look at BJP vs Congress share
10 months, 1 week ago

Electoral Bond Scheme: As SC judgment awaits; a look at BJP vs Congress share

Live Mint  

The Supreme Court is scheduled to pronounce its verdict on Thursday on a batch of petitions challenging the validity of the Electoral Bond scheme, which allows for anonymous funding to political parties. In July last year, the ADR data had revealed that more than half of all donations made to political parties between 2016-17 and 2021-22 were through electoral bonds …

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