Decoding the Opposition to Electoral Bonds & How Centre is Defending Its Scheme - News18
1 year, 1 month ago

Decoding the Opposition to Electoral Bonds & How Centre is Defending Its Scheme - News18

News 18  

The Supreme Court reserved its verdict on the challenge to the present electoral bonds scheme after hearing the matter at length. The notifications derived their power and authority from the four amendments brought in by the Finance Act of 2017 and passed in one go as ‘money bill’, overhauling political party funding in India. A political party that has secured at least one per cent votes in the Lok Sabha elections is eligible to receive donations via electoral bonds. The government claims that the intent of the scheme is to sanitise the political party funding system in India and flush out black money. The Supreme Court shall answer whether the present Electoral Bond Scheme plugs those gaps proportionately or camouflages the demon of black money in white collar.

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History of this topic

Guest Column| Electoral reforms can contain commercial assault on democracy
2 weeks, 4 days ago

Guest Column| Electoral reforms can contain commercial assault on democracy

Hindustan Times  

Recent elections in Haryana and Maharashtra have once again been marred by often repeated criticism over the increasing use of money and abuse of electronic voting machines. It is essentially an attitude of respect and reverence towards fellow men.” By embracing systemic reforms and strengthening existing institutions, we can ensure that elections remain a reflection of the people’s will and …

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 …

Nirmala Sitharaman hints at bringing in a political funding framework that will be acceptable to all
8 months ago

Nirmala Sitharaman hints at bringing in a political funding framework that will be acceptable to all

Live Mint  

Union Finance Minister Nirmala Sitharaman has hinted at the posibility of bringing back the electoral bonds scheme after proper consultation with stakeholders if voted to power. While speaking to HindustanTimes, she said, “We still have to do a lot of consultation with stakeholders and see what is it that we have to do to make or bring in a framework …

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, 1 week 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 …

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 …

Did the electoral bonds scheme enable extortion?
8 months, 3 weeks ago

Did the electoral bonds scheme enable extortion?

The Hindu  

Many companies that faced regulatory action from the Enforcement Directorate or Income Tax Department donated electoral bonds worth crores of rupees to ruling parties, show data submitted by the State Bank of India to the Election Commission of India. Was the electoral bonds scheme used as an extortion tool?Subhash Chandra Garg and Anjali Bhardwaj discuss this question in a conversation …

’Electoral bond issue not only biggest scam in India but...,’ FM Nirmala Sitharaman’s economist husband says
8 months, 3 weeks ago

’Electoral bond issue not only biggest scam in India but...,’ FM Nirmala Sitharaman’s economist husband says

Live Mint  

Renowned economist Parakala Prabhakar has projected that the "electoral bond issue" will cost the ruling Bharatiya Janata Party heavily. Prabhakar, the husband of Union Finance Minister Nirmala Sitharaman, told news channel Reporter TV, "The electoral bond issue will gain much more momentum than what it is today. The BJP received the maximum funds via electoral bonds at ₹6,986.5 crore between …

DC Edit | Only probe can establish facts of murky poll bond sales
8 months, 3 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 …

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 …

Satire | Bias against electoral bonds
9 months ago

Satire | Bias against electoral bonds

The Hindu  

The electoral bond, like yoga and zero, is one of the great innovations of Indic genius — it’s our gift to human civilisation. As the cop gaped at him, Wife quipped from the backseat, “Don’t let him leave India until he buys electoral bonds.” “Both of you, stop it!” I said. Seriously, it’s appalling to find all kinds of busybodies …

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 …

ECI uploads more data on bonds till November 2023
9 months 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 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 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 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 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 …

‘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 …

Election Commission always in favour of transparency, but must also protect donor privacy: CEC on electoral bonds scheme
9 months, 1 week ago

Election Commission always in favour of transparency, but must also protect donor privacy: CEC on electoral bonds scheme

The Hindu  

Amid the storm over the scrapping of the electoral bonds scheme and its donor data being made public, Chief Election Commissioner Rajiv Kumar said that the Election Commission of India has always been in favour of transparency, but added that there was a need to ensure that the donors’ privacy is protected. “As far as electoral bonds are concerned, the …

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 …

Amit Shah reacts to Supreme Court's electoral bonds verdict: ‘Fully respect order but…’
9 months, 1 week ago

Amit Shah reacts to Supreme Court's electoral bonds verdict: ‘Fully respect order but…’

Hindustan Times  

Union home minister Amit Shah on Friday reacted to the Supreme Court's verdict on electoral bonds, saying that the scheme was an initiative to end the domination of black money in Indian politics. In a landmark verdict delivered on February 15, a five-judge Constitution bench scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional". Out …

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, …

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 …

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 …

Electoral bonds world's biggest extortion racket, says Rahul Gandhi
9 months, 1 week ago

Electoral bonds world's biggest extortion racket, says Rahul Gandhi

India TV News  

Lok Sabha Elections 2024: Congress leader Rahul Gandhi on Friday slammed the government over the issue of electoral bonds saying the concept is the biggest extortion racket in the world. Speaking on electoral bonds and the contracts given by Congress or other opposition party-governed states, Rahul Gandhi said, "The question here is that months after a contract was given, the …

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 scheme | Modi government using SBI as a “shield” to hide dubious deals: Kharge
9 months, 2 weeks ago

Electoral bonds scheme | Modi government using SBI as a “shield” to hide dubious deals: Kharge

The Hindu  

A day after the State Bank of India sought time from the Supreme Court until June 30 to submit details of the electoral bond scheme, Congress president Mallikarjun Kharge accused the Narendra Modi-led government of using the SBI as a “shield to hide its dubious dealings”. “Modi Govt is using the largest bank of our country as a shield to …

Explainer | Ctrl + Delete: Electoral Bonds
9 months, 4 weeks 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 …

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 …

A Fillip To Democracy : Supreme Court's Electoral Bonds Case Verdict
10 months ago

A Fillip To Democracy : Supreme Court's Electoral Bonds Case Verdict

Live Law  

On Thursday, the Supreme Court of India gave a much needed fillip to our democracy. Through these amendments, Parliament introduced a new arrangement for financial contributions to political parties, the “Electoral Bond Scheme.” The law now allowed an individual or any “artificial juridical person,” including corporations, to buy bonds issued by the State Bank of India during stipulated periods of …

SC strikes down electoral bonds scheme, EFTA trade agreement raises concerns, and more | The week in 5 charts
10 months ago

SC strikes down electoral bonds scheme, EFTA trade agreement raises concerns, and more | The week in 5 charts

The Hindu  

Electoral bonds scheme unconstitutional: Supreme Court In a landmark unanimous judgment, the Supreme Court on February 15, 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. The court dismissed the Union government’s argument that the anonymity …

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 …

Time to explore public funding of polls in India
10 months, 1 week ago

Time to explore public funding of polls in India

Hindustan Times  

The Supreme Court verdict on the Electoral Bonds Scheme is one of the most political judgments in recent times. In the first-past-the-post system in India, political parties, not individual candidates, run the show Amendments made to a few central enactments like the Representation of the People Act, the Companies Act, the Income Tax Act and the Reserve Bank of India …

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 …

Opposition hails Supreme Court judgment on electoral bonds
10 months, 1 week ago

Opposition hails Supreme Court judgment on electoral bonds

The Hindu  

Opposition parties welcomed the Supreme Court’s Thursday judgment striking down the electoral bonds scheme, hailing it as a step towards the “revival of democracy” and the end of a scheme that “legalised corruption.” They especially welcomed the March 13 deadline prescribed by the top court for the Election Commission of India to publish the information on contributions received by political …

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 …

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, …

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