Electoral bonds fail to provide a level playing field: Supreme court
1 year, 1 month ago

Electoral bonds fail to provide a level playing field: Supreme court

Hindustan Times  

The Supreme Court on Wednesday asked the Union government if electoral bonds for political funding “legalise kickbacks” to political parties, and observed that the scheme not only seemed to create an “information hole” by perpetuating “selective anonymity” of the donors but also failed to provide a level playing field. The five-judge Constitution bench, led by Chief Justice of India Dhananjaya Y Chandrachud, further observed that striking down the EB scheme would not mean pushing political donations to the era of unaccounted cash and black money because the government is not precluded from coming out with a “transparent scheme or a scheme which has a level playing field”. While Mehta argued that potential abuse cannot be a ground to hold the scheme bad in law when it really intended to move the cash-driven political donations to formal banking channels, the bench, also comprising justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra, pointed out that the “opacity” of the EB scheme also leads to disturbing the level playing field in the electoral polity with the majority of funds invariably going to the party in power, whether at the Centre or in the states. But that will not be valid in itself for the reason that we are not precluding the government from coming out with a transparent scheme or a scheme which has a level playing field.” It added: “The problem with the scheme lies in the facts that A: It does not provide a level-playing field for political parties and B: If it suffers from opacity, as the argument of the other side is, this is not to prevent the legislature or executive from coming out with a scheme which deals with these issues.

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History of this topic

Electoral Bonds: SC declines pleas seeking SIT probe into alleged quid pro quo in electoral bond donations
4 months, 3 weeks ago

Electoral Bonds: SC declines pleas seeking SIT probe into alleged quid pro quo in electoral bond donations

Op India  

The Supreme Court on Friday declined a batch of petitions seeking a probe by a Special Investigation Team into the alleged instances of quid pro quo arrangements between corporates and political parties through Electoral Bonds donations. The top court also rejected the demand to direct the authorities to recover the donations received by political parties through Electoral Bonds and to …

Electoral bonds: SC to hear plea seeking SIT probe
5 months ago

Electoral bonds: SC to hear plea seeking SIT probe

The Hindu  

Chief Justice of India D.Y. Chandrachud on July 19, 2024, said a petition seeking the constitution of a Special Investigation Team to probe each and every instance of quid pro quo, corruption, and kickbacks revealed through the disclosure of details of the electoral bonds would be listed for hearing on July 22. The petition submitted that some of the country’s …

SC to Review PIL Seeking Probe into Electoral Bonds Scheme
5 months, 1 week ago

SC to Review PIL Seeking Probe into Electoral Bonds Scheme

Deccan Chronicle  

New Delhi: The Supreme Court on Friday agreed to consider listing a public interest litigation that urged a court-monitored investigation into the electoral bonds scheme. The PIL, filed by NGOs Common Cause and the Centre for Public Interest Litigation, alleges an "apparent quid pro quo" between political parties, corporations, and investigative agencies. A five-judge Constitution bench had on February 15 …

DC Edit | Poll bonds: Be transparent
8 months ago

DC Edit | Poll bonds: Be transparent

Deccan Chronicle  

The continued defence of the electoral bond scheme by senior government leaders including Prime Minister Narendra Modi despite the Supreme Court of India finding that it violated the Constitution betrays a self-righteousness that does not square with democratic principles. It is everyone’s case that parties should not fight elections on the strength of black money provided to them by interest …

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 …

Amit Shah's challenge to Rahul Gandhi on electoral bonds: ‘Accept you extorted as well’
8 months ago

Amit Shah's challenge to Rahul Gandhi on electoral bonds: ‘Accept you extorted as well’

Hindustan Times  

Union home minister Amit Shah has challenged Rahul Gandhi to accept that the Congress, too, “extorted” money through the now -scrapped electoral bonds, as he responded to the latter's repeated description of the scheme as “the world's biggest extortion scheme” and Prime Minister Narendra Modi as the “champion of corruption.” Union home minister Amit Shah “Their parties have also received …

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 …

​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: 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 …

DC Edit | Only probe can establish facts of murky poll bond sales
8 months, 4 weeks ago

DC Edit | Only probe can establish facts of murky poll bond sales

Deccan Chronicle  

The Supreme Court of India struck down the electoral bond scheme finding it violative of the citizen’s fundamental right to information under Article 19 of the Constitution. The information that has reached the public domain after the State Bank of India, which executed the scheme, handed it over to the Election Commission of India on the orders of the court …

'Breach of trust': Ex-finance secretary on SBI's electoral bonds move
8 months, 4 weeks ago

'Breach of trust': Ex-finance secretary on SBI's electoral bonds move

India Today  

Former Finance Secretary Subhash Garg has suggested that the electoral bonds data released by the State Bank of India exposed a significant breach of trust. Speaking to India Today, the former Finance Secretary said, "The meticulously designed electoral bonds, meant to safeguard against any link between donors and political affiliations, did have an invisible alphanumeric code, not meant to be …

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 …

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 …

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 …

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 …

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 …

Electoral Bonds: Supreme Court rebukes SBI, says don't be ‘selective’
9 months, 1 week ago

Electoral Bonds: Supreme Court rebukes SBI, says don't be ‘selective’

Hindustan Times  

New Delhi: The State Bank of India can't be selective in disclosing information linked to electoral bonds, the Supreme Court of India said on Monday, directing the bank to submit full details of the bonds' numbers to the Election Commission by March 21. The Supreme Court ordered the bank to disclose all "conceivable" electoral bond details in its possession, including …

Electoral Bonds Case: SBI must provide full details on electoral bonds without bias, as required by the court
9 months, 1 week ago

Electoral Bonds Case: SBI must provide full details on electoral bonds without bias, as required by the court

The Hindu  

The Supreme Court on Monday asked the State of Bank of India to be “candid and fair” and not selective while directing it to make a “complete disclosure” of electoral bonds’ data, including their unique hidden alphanumeric and serial numbers, to the Election Commission of India for publication. The court said the information on electoral bonds forwarded to the ECI …

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 case highlights: RJD, JD(U) trade charges over EB scheme
9 months, 1 week ago

Electoral bonds case highlights: RJD, JD(U) trade charges over EB scheme

Hindustan Times  

Electoral bonds case highlights: The Supreme Court on Monday heard a case regarding the State Bank of India disclosing the "unique serial numbers" of electoral bonds. Under the now-defunct 2018 Electoral Bond scheme, each bond is marked with a unique serial number, which could aid in monitoring their issuance and redemption and tracing them back to the purchaser. Expressing disapproval, …

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 …

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 …

'voters Entitled To Know Who Funds Political Parties': Fresh Plea In SC Seeks Full Details From SBI
9 months, 1 week ago

'voters Entitled To Know Who Funds Political Parties': Fresh Plea In SC Seeks Full Details From SBI

ABP News  

New Delhi: A petition has been filed in the Supreme Court urging for the disclosure of details regarding electoral bonds sold between March 1, 2018, and April 11, 2019. The Supreme Court had recently deemed the Centre's electoral bonds scheme "unconstitutional" and directed the State Bank of India, the authorized financial institution, to provide details of bonds purchased from April …

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 …

‘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 …

‘Answer maadi Modi’: Karnataka CM targets PM on Electoral Bonds during latter's poll campaign in Kalaburagi
9 months, 1 week ago

‘Answer maadi Modi’: Karnataka CM targets PM on Electoral Bonds during latter's poll campaign in Kalaburagi

Hindustan Times  

As Prime Minister Narendra Modi is kickstarting his general election campaign from Karnataka’s Kalaburagi on Saturday, CM Siddaramaiah attacked the former and asked him why his party is silent about the ‘electoral bond scam.’ ‘Answer maadi Modi’: Karnataka CM targets PM on Electoral Bonds during his visit In a series of X posts, Siddaramaiah said, “For a decade, you held …

DC Edit | State Bank should have shared all info on bonds
9 months, 1 week ago

DC Edit | State Bank should have shared all info on bonds

Deccan Chronicle  

There was no room for equivocating after the Supreme Court had ruled that the information regarding the electoral bonds sold by the bank and bonds redeemed by political parties be made public through the Election Commission’s website. Having sullied its reputation in having sought an impossibly long time to put out the information on the bonds that facilitated donating to …

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 …

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, …

SC pulls up SBI for not sharing serial numbers
9 months, 1 week ago

SC pulls up SBI for not sharing serial numbers

Deccan Chronicle  

NEW DELHI: A five-judge bench of the Supreme Court headed by Chief Justice of India D.Y. During the hearing, senior advocate Kapil Sibal said the apex court's verdict was quite clear — that the SBI shall furnish all the details of electoral bonds to the EC. The notice to the SBI came while the apex court was hearing an application …

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 …

Huge assumption to link ED raids with electoral bond purchases, says Finance Minister Nirmala Sitharaman
9 months, 1 week ago

Huge assumption to link ED raids with electoral bond purchases, says Finance Minister Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on March 15 dismissed suggestions thatelectoral bonds were purchased by many corporates to “save themselves” from investigative agencies’ probes, arguing there is a probability that these bonds had been either transferred to regional parties or were donated to the ruling party before the said probes began. Speaking at The India Today Conclave 2024, Ms. Sitharaman said …

Electoral bonds scheme was world’s biggest extortion racket run by PM Modi: Rahul Gandhi
9 months, 1 week ago

Electoral bonds scheme was world’s biggest extortion racket run by PM Modi: Rahul Gandhi

The Hindu  

In a blistering attack on Prime Minister Narendra Modi over the electoral bonds scheme, Congress leader Rahul Gandhi on Friday accused Mr. Modi of “running the world’s largest extortion racket”. Electoral bonds | Congress demands SC-monitored probe into donations to BJP by companies raided by I-T department and ED Congress president Mallikarjun Kharge demanded a Supreme Court-monitored inquiry, while 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 …

Electoral Bonds: Supreme Court Takes Exception to SBI 'Not Disclosing Unique Number'
9 months, 1 week ago

Electoral Bonds: Supreme Court Takes Exception to SBI 'Not Disclosing Unique Number'

News 18  

The Supreme Court on Friday took exception to State Bank of India not disclosing unique number of electoral bonds. In a landmark verdict delivered on February 15, a five-judge Constitution bench had scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding, calling it “unconstitutional” and ordered disclosure by the EC of donors, the amount donated by them and …

Electoral Bonds: SC allows EC’s request to return data for being uploaded on website
9 months, 1 week ago

Electoral Bonds: SC allows EC’s request to return data for being uploaded on website

Live Mint  

The Supreme Court on 15 March allowed the request of ECI to return the data for being uploaded on the website. Electoral Bonds Data Live updates On 14 March, the Election Commission of India released the data on electoral bonds that the State Bank of India shared with the electoral panel body on March 12. The data highlighted the list …

Electoral bonds: Congress claims mismatch in entries of donor, recipient data
9 months, 1 week ago

Electoral bonds: Congress claims mismatch in entries of donor, recipient data

Hindustan Times  

Hours after the Election Commission released electoral bonds data, Congress leader Amitabh Dubey on Thursday alleged a discrepancy in the number of entries in donor and recipient files. Youth Congress chief Srinivas BV also took a swipe at the government over the electoral bonds data. Electoral bonds data The Election Commission of India on Thursday uploaded data of electoral bonds …

Election Commission uploads data on electoral bonds; check full list of donors
9 months, 1 week ago

Election Commission uploads data on electoral bonds; check full list of donors

Hindustan Times  

The Election Commission of India on Thursday uploaded the State Bank of India -provided data on the electoral bonds on its website, in compliance with the Supreme Court's directions. Election Commission uploads SBI-provided data on electoral bonds “In compliance of Hon'ble Supreme Court's directions, contained in its order dated Feb 15 and March 11, 2024, the State Bank of India …

Election Commission Uploads Electoral Bonds Data On Website As Per Supreme Court's Direction
9 months, 1 week ago

Election Commission Uploads Electoral Bonds Data On Website As Per Supreme Court's Direction

Live Law  

The Election Commission of India has uploaded on its website the data supplied by the State Bank of India regarding electoral bonds.The Election Commission of India has today uploaded the data on electoral bonds on its website as received from SBI on an "as is where is basis", the ECI said in a press release.The data as retrieved from SBI …

Electoral bonds: SBI files compliance affidavit before SC, submits two separate sets
9 months, 1 week ago

Electoral bonds: SBI files compliance affidavit before SC, submits two separate sets

Hindustan Times  

The State Bank of India chairman on Wednesday filed an affidavit of compliance in the Supreme Court, informing it that the entire details of electoral bonds purchased since April 1, 2019, have been submitted to the Election Commission of India by the deadline set down by the court in its order on Monday. REUTERS/Rupak De Chowdhuri/File photo According to the …

Electoral Bonds Data Given To ECI In Two PDF Files With Purchaser & Political Parties Details : SBI Chairman Tells Supreme Court
9 months, 1 week ago

Electoral Bonds Data Given To ECI In Two PDF Files With Purchaser & Political Parties Details : SBI Chairman Tells Supreme Court

Live Law  

The Chairman of the State Bank of India on Wednesday filed a compliance affidavit, informing the Supreme Court that the Bank has furnished the details of electoral bonds to the Election Commission of India. The details have been provided in two separate information packets - the first containing details of the purchasers of the electoral bonds, and the second containing …

Electoral bonds case: 5 things SBI said in its compliance affidavit to Supreme Court
9 months, 1 week ago

Electoral bonds case: 5 things SBI said in its compliance affidavit to Supreme Court

Hindustan Times  

The State Bank of India on Tuesday had shared all details of electoral bonds with the Election Commission, which is set to publish them anytime before March 15, i.e Friday. On Wednesday, India's biggest public lender submitted a compliance affidavit before the apex court, sharing details of the bonds purchased and redeemed between April 1, 2019 and February 15 this …

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 …

SBI sends electoral bonds details to Election Commission
9 months, 1 week ago

SBI sends electoral bonds details to Election Commission

The Hindu  

The State Bank of India sent details of electoral bonds to the Election Commission of India in compliance with the Supreme Court order on March 12. The Supreme Court, however, in a landmark verdict on February 15 scrapped the Centre’s electoral bonds scheme that allowed anonymous political funding, calling it “unconstitutional” and ordered disclosure by the EC of donors, the …

Follow SC for reforms in electoral funding
9 months, 1 week ago

Follow SC for reforms in electoral funding

Hindustan Times  

The Supreme Court did well to reject the plea of the State Bank of India for an extension on the disclosure of details about electoral bonds and direct the State-owned bank to furnish these before the Election Commission of India by the end of business hours on Tuesday, March 12. On February 15, the SC scrapped the electoral bonds scheme …

SBI Furnishes Electoral Bonds Details To ECI After Supreme Court Rebuke
9 months, 1 week ago

SBI Furnishes Electoral Bonds Details To ECI After Supreme Court Rebuke

Live Law  

In a significant development following the Supreme Court's rebuke, the State Bank of India has furnished electoral bonds details to the Election Commission of India in compliance with the court's directives. 880 of 2017), data on electoral bonds has been supplied by State Bank of India to Election Commission of India, today, March 12, 2024." This announcement comes on the …

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