Explained: What are electoral bonds and the case in the Supreme Court
2 years, 8 months ago

Explained: What are electoral bonds and the case in the Supreme Court

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A Supreme Court bench has agreed to hear a PIL challenging laws permitting funding of political parties through the electoral bond scheme A Supreme Court bench has agreed to hear a PIL challenging laws permitting funding of political parties through the electoral bond scheme. Assuring an early listing, the CJI said, “If it was not for Covid …then I would have heard all of this.” Earlier, Bhushan had sought an urgent listing of the PIL from the apex court on October 4 last year seeking a direction to the Centre not to open any further window for sale of electoral bonds during the pendency of a case pertaining to funding of political parties and alleged lack of transparency in their accounts. Let’s take a look at what are electoral bonds and why Supreme Court has decided to hear a PIL against it: What are electoral bonds Electoral bonds were announced in the 2017 Union Budget as interest-free bearer instruments to anonymously donate money to political parties. The NGO, in its application filed in the pending petition, had claimed that there is a serious apprehension that any further sale of electoral bonds before the upcoming Assembly elections, including in West Bengal and Assam, would further “increase illegal and illicit funding of political parties through shell companies”. It had alleged that as per data on electoral bonds declared by political parties in their audit reports for 2017-18 and 2018-19, the “ruling party had received more than 60 per cent of total electoral bonds issued till date.” The application had claimed that so far more than Rs 6,500 crore worth of electoral bonds have been sold with the majority of donations going to the ruling party.

History of this topic

Supreme Court to hear plea to set up panel to probe into electoral bonds on July 22
5 months ago
SC to Review PIL Seeking Probe into Electoral Bonds Scheme
5 months, 1 week ago
Electoral bonds case: Do not nullify past transactions
7 months ago
DC Edit | Poll bonds: Be transparent
8 months ago
Electoral bonds will be back after consultations: Finance Minister Nirmala Sitharaman
8 months ago
DC Edit | Only probe can establish facts of murky poll bond sales
8 months, 4 weeks ago
SC order on electoral bonds disclosure does not cover full details from March 2018
9 months ago
ECI uploads more data on bonds till November 2023
9 months, 1 week ago
Bonded favours: The Hindu Editorial on the electoral bond scheme, sordid revelations
9 months, 1 week ago
'voters Entitled To Know Who Funds Political Parties': Fresh Plea In SC Seeks Full Details From SBI
9 months, 1 week ago
As some parties do not disclose donors, SC had sought their ‘detailed particulars’ in April 2019 order
9 months, 1 week ago
Electoral Bonds Case: SBI files compliance affidavit in SC after sending electoral bonds details to EC
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Follow SC for reforms in electoral funding
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10 months ago
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10 months, 1 week ago
The Hindu Morning Digest, February 16, 2024
10 months, 1 week ago
Ban on India’s electoral bonds: How will it affect 2024 election?
10 months, 1 week ago
DC Edit | Electoral bond scheme was bound to fail test of probity
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Supreme Court scraps electoral bonds
10 months, 1 week ago
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Electoral bonds scheme 'unconstitutional’: Supreme Court strikes down poll funding system
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10 months, 1 week ago
Electoral bonds verdict Highlight: Supreme Court deems scheme ‘violative of RTI’
10 months, 1 week ago
India’s Supreme Court scraps electoral bonds, calls them ‘unconstitutional’
10 months, 1 week ago
Supreme Court To Deliver Judgment On Validity Of Electoral Bonds Tomorrow
10 months, 1 week ago
Supreme Court to deliver verdict on pleas challenging electoral bonds today
10 months, 1 week ago
Political parties send details of electoral bonds to Election Commission
1 year, 1 month ago
Decoding the Opposition to Electoral Bonds & How Centre is Defending Its Scheme - News18
1 year, 1 month ago
Electoral Bonds Put A Premium On Opacity, Have Serious Deficiencies; Do It In A Proportional Manner: Supreme Court Tells Union [Day 3]
1 year, 1 month ago
Supreme Court reserves verdict in the challenge to the electoral bonds scheme
1 year, 1 month ago
Centre has no access to details of donors of electoral bonds: SG Mehta to Supreme Court
1 year, 1 month ago
Electoral bonds fail to provide a level playing field: Supreme court
1 year, 1 month ago
Selective confidentiality in electoral bonds scheme may not prevent ruling party from knowing about Opposition donors: SC
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral Bonds Case Hearing : Live Updates From Supreme Court
1 year, 1 month ago
Electoral bonds compromise people's right to be informed: Supreme Court told
1 year, 1 month ago
Mint Explainer: Demystifying the electoral bonds scheme
1 year, 2 months ago
SC refers to 5-judge bench pleas challenging electoral bond scheme for political funding
1 year, 2 months ago
Supreme Court refers electoral bonds case to 5-judge Constitution Bench, to start hearing on Oct. 31
1 year, 2 months ago

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