Articles for Bonds Scheme

SC turns down plea for SIT probe into electoral bonds scheme
4 months, 3 weeks ago

SC turns down plea for SIT probe into electoral bonds scheme

Hindustan Times  

The Supreme Court on Friday dismissed a clutch of petitions seeking a special investigation team probe under judicial supervision into an alleged scam involving political financing through electoral bonds, noting that the claims were based on assumptions and had not yet undergone the normal legal process. SC turns down plea for SIT probe into electoral bonds scheme While the petitioners …

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SC dismisses pleas seeking SIT probe into electoral bonds scheme
4 months, 3 weeks ago

SC dismisses pleas seeking SIT probe into electoral bonds scheme

Live Mint  

The Supreme Court dismissed a batch of pleas seeking a probe by a court-monitored Special Investigation Team into the electoral bonds scheme. The electoral bonds scheme, launched by the Narendra Modi government in 2018, was struck down by the Supreme Court in February this year. The Supreme Court said it cannot order a roving inquiry into purchase of electoral bonds …

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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 …

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Electoral bonds case: Do not nullify past transactions
7 months ago

Electoral bonds case: Do not nullify past transactions

Live Mint  

One of the compelling stories during India’s ongoing general elections has concerned electoral bonds. These amendments pertained to exemptions given to political parties from publishing details of electoral bond contributions, maintaining records of the same and from disclosing the names and addresses of donors. Another amendment had removed the upper limit for corporate donations to political parties, earlier fixed at …

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PM Modi accuses Opposition of spreading lies on electoral bonds scheme: 'Everyone will regret it’
8 months, 1 week ago

PM Modi accuses Opposition of spreading lies on electoral bonds scheme: 'Everyone will regret it’

Hindustan Times  

Prime Minister Narendra Modi on Monday accused the opposition parties of "spreading lies" over the electoral bonds scheme, which has been struck down by the Supreme Court. Prime Minister Narendra Modi speaks during an interview with Asian News International Editor-in-Chief Smita Prakash in New Delhi on Monday. The electoral bonds scheme, which was notified by the government on January 2, …

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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 …

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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 …

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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 …

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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 …

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Electoral bonds: Key Supreme Court hearing today as SBI, NGO file petitions | 10 points
9 months, 1 week ago

Electoral bonds: Key Supreme Court hearing today as SBI, NGO file petitions | 10 points

Hindustan Times  

All eyes will be on the Supreme Court on Monday, March 11, as it will hear the application filed by the State Bank of India seeking an extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A view of the Supreme Court of India A five-judge Constitution …

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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 …

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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 …

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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 …

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'Will Reinforce Power Of Votes Over Notes': Congress Welcomes SC's Verdict On Electoral Bonds
10 months, 1 week ago

'Will Reinforce Power Of Votes Over Notes': Congress Welcomes SC's Verdict On Electoral Bonds

ABP News  

Electoral Bonds Verdict: The Supreme Court on Thursday struck down the Electoral Bonds scheme as unconstitutional. In a post on X, Jairam Ramesh said, "The Supreme Court has held the much-touted Electoral Bonds scheme of the Modi Sarkar as violative of both laws passed by Parliament as well as the Constitution of India. The Supreme Court has held the much-touted …

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Electoral bonds scheme 'unconstitutional’: Supreme Court strikes down poll funding system
10 months, 1 week ago

Electoral bonds scheme 'unconstitutional’: Supreme Court strikes down poll funding system

Hindustan Times  

In a landmark verdict, the Supreme Court on Thursday said the electoral bonds scheme has to be struck down as “unconstitutional”. The SBI shall submit details of electoral bonds purchased since April 12, 2019, to date to the Election Commission, the Supreme Court said. "In a very significant judgment which will have a long-term effect on our electoral democracy, the …

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Supreme Court strikes down electoral bonds scheme: Know the chronology of events
10 months, 1 week ago

Supreme Court strikes down electoral bonds scheme: Know the chronology of events

India TV News  

In a significant blow to the government, the Supreme Court declared the electoral bonds scheme for political funding "unconstitutional", citing violations of the right to freedom of speech and expression, along with the right to information. Here's a breakdown of key events leading to this landmark decision: Introduction of Electoral Bond Scheme: 2017 - The electoral bonds scheme was introduced …

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Supreme Court flags ‘serious deficiencies’ in electoral bonds, reserves order
1 year, 1 month ago

Supreme Court flags ‘serious deficiencies’ in electoral bonds, reserves order

Hindustan Times  

The electoral bond scheme of political funding suffers from “serious deficiencies”, the Supreme Court observed on Thursday, adding that the Union government ought to consider designing a new tailor-made system which balances proportionality and paves the way for a level playing field instead of “putting a premium on opacity”. The bench picked holes in the 2018 EB scheme flagging a …

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Centre has no access to details of donors of electoral bonds: SG Mehta to Supreme Court
1 year, 1 month ago

Centre has no access to details of donors of electoral bonds: SG Mehta to Supreme Court

Hindustan Times  

The Union government has no access to information on political funding through electoral bonds, solicitor general Tushar Mehta submitted in the Supreme Court on Wednesday, adding the bonds do not carry the name of the buyer or payee for protecting the “privacy” and “political affiliation” of the citizens who make such donations to political parties. The SG told SC that …

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Selective confidentiality in electoral bonds scheme may not prevent ruling party from knowing about Opposition donors: SC
1 year, 1 month ago

Selective confidentiality in electoral bonds scheme may not prevent ruling party from knowing about Opposition donors: SC

The Hindu  

The Supreme Court on Wednesday said that the electoral bonds scheme only offered a “selective confidentiality”, which does not prevent the ruling party from unearthing the identities of donors to Opposition parties and then hounding them through its investigative agencies. The Solicitor-General said that in the pre-electoral bonds regime, contributors fearing reprisals from rival parties had even gone to the …

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Supreme Court To Hear Challenge Against Electoral Bonds Scheme On October 31
1 year, 2 months ago

Supreme Court To Hear Challenge Against Electoral Bonds Scheme On October 31

Live Law  

The Supreme Court will hear the batch of petitions challenging the Electoral Bonds scheme on October 31, 2023. However, the Attorney General for India R Venkatramani interjected and stated that one of the issues raised in the challenge against the Electoral Bonds was that it was passed as a money bill. Bhushan, on behalf of the petitioners stated that they …

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In charts: Behind the glitter of gold bonds scheme
1 year, 3 months ago

In charts: Behind the glitter of gold bonds scheme

Live Mint  

The week of September 11 saw India’s central bank run the latest issue of the Sovereign Gold Bonds scheme, under which the government issues bonds to investors linked to the price of gold. Data on gold prices from the Reserve Bank of India for this century shows that average 5-year returns for gold—the effective lock-in for the SGB scheme—have exceeded …

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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 …

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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 …

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RBI may appeal HC order on Yes Bank AT-1 bonds
1 year, 11 months ago

RBI may appeal HC order on Yes Bank AT-1 bonds

Live Mint  

The Reserve Bank of India will likely appeal the Bombay high court ruling that quashed the regulator and Yes Bank administrator’s decision to write off additional tier-I bonds to save the lender from collapsing, according to two officials familiar with the matter. RBI approved the Yes Bank administrator’s March 2020 decision to write off the AT-I bonds as part of …

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