Government kicks off New Year with fresh electoral bond sales from January 2
11 months, 3 weeks ago

Government kicks off New Year with fresh electoral bond sales from January 2

The Hindu  

The government has announced a fresh tranche of electoral bond sales for a 10-day period starting on January 2 through the authorised branches of State Bank of India across the country. The government had notified November’s bond sales days after the apex court reserved its judgment on the scheme’s validity and sought updated data from the Election Commission on the contributions received by political parties through the scheme. EC to produce data The Supreme Court on December 28 gave the EC two weeks to produce updated data, till September 30, 2023, on contributions received by political parties through the electoral bonds scheme. The original scheme envisaged sales of electoral bonds for 10 days each in January, April, July and October every year, and a 30-day period during the year of the Lok Sabha polls.

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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 …

Lok Sabha election 2024 updates | As it happened on April 17, 2024
8 months, 1 week ago

Lok Sabha election 2024 updates | As it happened on April 17, 2024

The Hindu  

This live is now closed. With the first phase of the Lok Sabha elections just around the corner, political campaigns, rallies and roadshows have reached a crescendo with political parties attacking candidates over guarantees, religion, corruption, and more. In a press conference with Samajwadi Party chief Akhilesh Yadav, Congress leader Rahul Gandhi said the electoral bonds scheme was the “world’s …

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 …

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 …

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 …

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 …

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 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 …

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 …

Simultaneous Polls In 2029, Shorter Term for State Govts Elected After 2024: Kovind Panel
9 months, 1 week ago

Simultaneous Polls In 2029, Shorter Term for State Govts Elected After 2024: Kovind Panel

News 18  

2029 could see simultaneous Lok Sabha and Assembly elections in all states if the High-Level Committee Report on ‘Simultaneous Elections in India’ is accepted by the Narendra Modi government. A constitutional amendment bill can be brought by the new government post the 2024 Lok Sabha elections, which does not need ratification from the states, as proposed by the committee report. …

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 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 …

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

SBI sends electoral bonds details to Election Commission

The Hindu  

A day after the Supreme Court directive, the State Bank of India on March 12 submitted to the Election Commission of India the details of electoral bonds purchased and encashed since April 12, 2019. “In compliance of the Hon’ble Supreme Court’s directions to the SBI, contained in its order dated Feb 15 and March 11, 2024, data on electoral bonds …

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 …

The clear message in the Court’s ‘no’ to electoral bonds
10 months, 1 week ago

The clear message in the Court’s ‘no’ to electoral bonds

The Hindu  

The judgment of the Supreme Court of India, on February 15, 2024, striking down the electoral bonds scheme, is a landmark moment. The judgment says: “The chief reason for corporate funding of political parties is to influence the political process which may in turn improve the company’s business performance.” Electoral bonds also removed the earlier limits on how much of …

SC verdict on electoral bonds: What next for SBI? Will we know the names of donors soon?
10 months, 1 week ago

SC verdict on electoral bonds: What next for SBI? Will we know the names of donors soon?

Firstpost  

The Supreme Court of India has struck down the Central government’s electoral bonds scheme that allowed anonymous political funding, deeming it “unconstitutional”. The Supreme Court struck down the electoral bonds scheme on 15 February, calling it ‘unconstitutional’. SBI to furnish elector bond donors’ details The apex court in its verdict ordered India’s largest lender to submit details of electoral bonds …

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 …

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 …

Electoral bonds: What Supreme Court judges said in their landmark judgement
10 months, 1 week ago

Electoral bonds: What Supreme Court judges said in their landmark judgement

Hindustan Times  

A five-judge bench of the Supreme Court on Thursday delivered a unanimous verdict on the central government's electoral bonds scheme, striking it down as “unconstitutional”. Five-judge bench of Supreme Court delivers landmark judgment on electoral bonds scheme case The apex court was ruling on a batch of petitions challenging the constitutional validity of the scheme. Electoral bonds scheme: What five-judge …

As Supreme Court Strikes Down ‘Unconstitutional’ Electoral Bonds, Here’s What It Means for Parties Ahead of 2024 Battle
10 months, 1 week ago

As Supreme Court Strikes Down ‘Unconstitutional’ Electoral Bonds, Here’s What It Means for Parties Ahead of 2024 Battle

News 18  

The Supreme Court, in a major decision on Thursday ahead of the Lok Sabha election, struck down the electoral bonds scheme, calling it “unconstitutional”. It has earned nearly Rs 6,565 crore from electoral bonds between 2017-18 and 2022-23, as per details in the Supreme Court judgement. Mamata Banerjee’s Trinamool Congress, which has been in power in West Bengal since 2011, …

What are electoral bonds? Did they give BJP an unfair advantage?
10 months, 1 week ago

What are electoral bonds? Did they give BJP an unfair advantage?

Hindustan Times  

Electoral bonds, the scheme introduced by the NDA government in 2018 allowing anonymous funding to political parties, was struck down by the Supreme Court on Thursday. According to the provisions of the scheme, only the political parties registered under Section 29A of the Representation of the People Act, 1951 and which secured not less than 1 per cent of the …

Supreme Court to decide legal validity of ‘Electoral Bond scheme’ on Thursday
10 months, 1 week ago

Supreme Court to decide legal validity of ‘Electoral Bond scheme’ on Thursday

Live Mint  

The Supreme Court will on Thursday decide the legal validity of the Central government's ‘Electoral Bond’ scheme which allows anonymous funding to the political parties. On the top court's direction, the Election Commission then compiled the details of all the ‘Electoral Bonds’ shared by various political parties and submitted them to the Supreme Court in a sealed cover. According to …

Electoral bonds worth over ₹15,000 crore sold since 2018: SBI in RTI reply
11 months, 3 weeks ago

Electoral bonds worth over ₹15,000 crore sold since 2018: SBI in RTI reply

Hindustan Times  

As many as 27,133 or 55.9% of printed electoral bonds worth ₹15,956.3096 crore have been sold in 29 tranches since the inception of the Electoral Bond Scheme in 2018, the State Bank of India said on Tuesday in a response to a right to information request. In the RTI response received by transparency activist Commodore Lokesh Batra, it said that …

Challenging the Electoral Bond Scheme
1 year, 1 month ago

Challenging the Electoral Bond Scheme

The Hindu  

Political parties in India have traditionally been averse to any sort of public scrutiny of the sources and applications of their funds. By relieving the political parties of the duty to disclose the particulars of their donors, the amendments eroded the ECI’s constitutional role and deprived citizens of vital information concerning electoral funding. The ADR’s research has shown that electoral …

Political parties send details of electoral bonds to Election Commission
1 year, 1 month ago

Political parties send details of electoral bonds to Election Commission

Hindustan Times  

Several political parties on Wednesday submitted to the Election Commission details of electoral bonds received and encashedby them since the poll funding mechanism was first issued in 2018, officials aware of developments said. The BJP, people aware of the matter said, sent year-wise details of the electoral bonds it received and encashed between March 2018 and until September 30, 2023. …

EC asks political parties to submit electoral bonds data by November 15
1 year, 1 month ago

EC asks political parties to submit electoral bonds data by November 15

Hindustan Times  

The Election Commission of India has reminded all political parties to submit details of donations received by them through electoral bonds by 5pm on November 15. The apex court had directed the ECI to submit details of all electoral bonds issued since the inception of the scheme by November 19 in a sealed packet. In line with an April 2019 …

29th tranche of electoral bonds sale kicks off today
1 year, 1 month ago

29th tranche of electoral bonds sale kicks off today

Live Mint  

The 29th tranche of electoral bonds was issued on Tuesday in anticipation of the upcoming assembly elections in five states. "Government of India has authorised State Bank of India, in the XXIX Phase of sale, to issue and encash Electoral Bonds through its 29 Authorised Branches w.e.f. Electoral bonds can be redeemed exclusively by an eligible political party through an …

Electoral bond sales to open again on November 6
1 year, 1 month ago

Electoral bond sales to open again on November 6

The Hindu  

With five State assemblies going to polls, the Finance Ministry on November 4 announced a fresh tranche of electoral bond sales over the fortnight from November 6 to November 20, the second window for these bonds’ sales within a month. The upcoming 29th tranche of electoral bond sales since the scheme’s launch in January 2018 to “cleanse the system of …

Mint Explainer: Demystifying the electoral bonds scheme
1 year, 2 months ago

Mint Explainer: Demystifying the electoral bonds scheme

Live Mint  

New Delhi: In a significant development, the Supreme Court on Monday constituted a five-judge bench to deliberate on the case pertaining to the highly debated electoral bonds scheme. The lack of consultation with these critical institutions has raised transparency and accountability concerns in the electoral bonds scheme. The Supreme Court's decision to review the electoral bonds scheme just ahead of …

Electoral bond pleas to be heard on Oct 31
1 year, 2 months ago

Electoral bond pleas to be heard on Oct 31

Hindustan Times  

After a gap of more than two years, the Supreme Court on Tuesday fixed October 31 and November 1 to finally hear a clutch of petitions that have challenged the validity of the central government’s electoral bonds scheme as a source of political funding. The bench, which also included justices JB Pardiwala and Manoj Misra, said the issue of whether …

Electoral bonds are 'legalised bribery', says Congress leader Chidambaram
1 year, 2 months ago

Electoral bonds are 'legalised bribery', says Congress leader Chidambaram

The Hindu  

Senior Congress leader P. Chidambaram on Saturday, September 30, 2023, described the electoral bonds as "legalised bribery" and claimed that, as their fresh tranche opens on October 4, it will be a "golden harvest" for the Bharatiya Janata Party. In a post on X, Mr. Chidambaram noted that the 28th tranche of the electoral bonds will open on October 4 …

Electoral bonds to go on sale from October 4
1 year, 2 months ago

Electoral bonds to go on sale from October 4

The Hindu  

The government on September 29 announced the 28th tranche of electoral bond sales to be undertaken over a ten-day window starting October 4 and closing on October 13, at all authorised branches of the State Bank of India. While the move comes ahead of upcoming assembly elections in a few States, a ten-day sale window in October is part of …

Government approves 27th tranche of electoral bonds; sale from July 3
1 year, 5 months ago

Government approves 27th tranche of electoral bonds; sale from July 3

The Hindu  

The government on June 30 approved the issuance of the 27th tranche of electoral bonds that will open for sale on July 3. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding. State Bank of India, in the 27th phase of sale, has been …

SC to hear if pleas challenging electoral bond can be referred to constitution bench
1 year, 9 months ago

SC to hear if pleas challenging electoral bond can be referred to constitution bench

Deccan Chronicle  

New Delhi: The Supreme Court on Tuesday said it will consider whether the pleas challenging the validity of the electoral bond scheme for political funding of parties can be referred to a constitutional bench for an "authoritative pronouncement". The top court's observations to decide whether the pleas can be referred to a constitution bench assume significance in the wake of …

Validity of electoral bonds scheme | Supreme Court fixes April 11 to examine whether petitions need to be referred to Constitution Bench
1 year, 9 months ago

Validity of electoral bonds scheme | Supreme Court fixes April 11 to examine whether petitions need to be referred to Constitution Bench

The Hindu  

The Supreme Court on March 21 fixed April 11 to examine whether petitions challenging the validity of electoral bonds scheme need to be referred to a Constitution Bench. Explained | The electoral bonds scheme and the challenges to it in Supreme Court Mr. Farasat argued that the issue of election bonds raised cardinal and substantial questions of law affecting fair …

Validity of electoral bonds scheme | Supreme Court to examine on January 31 whether petitions need to be referred to Constitution Bench
1 year, 10 months ago

Validity of electoral bonds scheme | Supreme Court to examine on January 31 whether petitions need to be referred to Constitution Bench

The Hindu  

The Supreme Court is on January 31 scheduled to examine whether petitions challenging the validity of electoral bonds scheme need to be referred to a Constitution Bench. Advocate Prashant Bhushan, appearing for petitioner NGO Association for Democratic Reforms, has argued that amendments made via Finance Acts of 2016 and 2017, both passed as Money Bills, have through the electoral bonds …

Electoral Bonds - Finance Ministry Allowed Additional Sale Window Overruling Objections By Certain Officials : ADR Tells Supreme Court
2 years ago

Electoral Bonds - Finance Ministry Allowed Additional Sale Window Overruling Objections By Certain Officials : ADR Tells Supreme Court

Live Law  

The Centre's recent notification amending the Electoral Bonds Scheme to allow an additional window of 15 days for the sale of the bonds was issued overruling the objections raised by certain officials of the Ministry of Finance and Ministry of Law & Justice, stated the NGO Association for Democratic Reforms in a supplementary affidavit filed before the Supreme Court.On November …

Electoral Bonds of over ₹10,700 crore purchased since 2018, says activist
2 years ago

Electoral Bonds of over ₹10,700 crore purchased since 2018, says activist

The Hindu  

Electoral Bonds worth over ₹10,700 crore have been purchased between 2018 and October this year in 22 phases of their sale, according to a Right to Information reply. The Department of Economic Affairs, which is under the Finance Ministry, in response to an RTI request filed by transparency activist Commodore Lokesh Batra stated that 24,650 Electoral Bonds of the denomination …

Sale of first tranche of electoral bonds was illegal as per RTI replies, says activist
2 years, 1 month ago

Sale of first tranche of electoral bonds was illegal as per RTI replies, says activist

The Hindu  

The recent amendment to the Electoral Bond Scheme, 2018, was conceived nearly 20 months ago in March 2021 and the sale of the first tranche of electoral bonds was “illegal” according to Right to Information replies on the matter received by transparency activist Commodore Lokesh Batra. On the basis of RTI replies received by him from the Ministry of Finance …

Electoral bonds worth ₹10,246 crore sold in 21 tranches so far
2 years, 1 month ago

Electoral bonds worth ₹10,246 crore sold in 21 tranches so far

The Hindu  

Electoral bonds worth ₹10,246 crore have been sold by the State Bank of India since the instrument was launched in March 2018. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding. The SBI has been authorised to issue and encash electoral bonds through 29 …

BJP bagging huge money through electoral bonds ahead of polls: Mamata Banerjee
2 years, 1 month ago

BJP bagging huge money through electoral bonds ahead of polls: Mamata Banerjee

Hindustan Times  

The Bharatiya Janata Party is bagging crores of rupees through electoral bonds ahead of the Gujarat and Himachal Pradesh elections, Trinamool Congress supremo Mamata Banerjee alleged on Wednesday. The West Bengal chief minister also said the BJP will not be able to return to power as the political equation in the country has changed since the last Lok Sabha polls …

Electoral bonds to be issued, encashed at 29 SBI branches from Nov 9 to 15: Govt
2 years, 1 month ago

Electoral bonds to be issued, encashed at 29 SBI branches from Nov 9 to 15: Govt

Hindustan Times  

The union finance ministry authorised the issue and encashment of electoral bonds through a total of 29 branches of the State Bank of India from November 9 to 15. This comes in addition to the government’s provision to widen the buying window of electoral bonds by 15 extra days in the year of respective assembly elections. “State Bank of India, …

Electoral bonds can be sold for 15 extra days during state elections
2 years, 1 month ago

Electoral bonds can be sold for 15 extra days during state elections

Hindustan Times  

The department of economic affairs on Monday amended the electoral bonds scheme to allow their sale for 15 extra days during the “year of general elections to the legislative assembly of states and Union territories with legislature”. Sold four times a year for 10 days as notified by the government, electoral bonds allow political parties to accept money from donors …

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