Page 35 - Finance Act News Today

ISLAMABAD: The Federal Board of Revenue (FBR) has no written standing operating procedure (SOP) for guidance of the...

India News: The Supreme Court's decision to invalidate electoral bonds appears to have been motivated by concerns about the ability of large sums of money to infl

The RBI also noted that while the identity of the person or entity purchasing the bearer bond will be known because of the Know Your Customer requirement, the identities of the intervening persons/entities will not be known.

India News: Former chief election commissioner O P Rawat and former CEC Sunil Arora express their views on the Supreme Court's poll bond judgement. The judgement is expected to bring more transparency in political funding. Read more.

In today's edition: Supreme court draws red line; Kapil Sibal interview; S Y Quraishi opinion; and more

In a landmark verdict delivered within hand-shaking distance of the lok sabha polls, the supreme court on thursday scrapped the modi government’s electoral bonds scheme of anonymous political funding, terming it“unconstitutional” and ordering disclosure of the names of the purchasers, value of the bonds and their recipients. holding that the 2018 scheme was “violative” of the constitutional right to freedom of speech and expression and right to information, a fivejudge constitution ben...

These funding arrangements ensure that only the super-rich can contest polls and make laws for everyone else, said Lokesh Batra.

Six years later, a five-judge constitution bench of the Supreme Court struck down the electoral bonds scheme, terming it “unconstitutional” as it violated the Right to Information Act, a facet of the Fundamental Right to Freedom of Speech and Expression under Article 19 (1) (a) of the Constitution.

A landmark judgement

In a unanimous verdict, a 5-judge Constitution Bench of the Supreme Court on Thursday struck down the electoral bonds scheme 2018 as unconstitutional.