Poll Bonds News Today

Megha bought bonds for Rs 966 crore; in 9 instances, around time it won contracts

Avowing abiding confidence in Prime Minister Narendra Modi's goal of 370 seats, BJP leader Nitin Gadkari says the additional seats to its current strength of 288 will come from gains in southern India in the upcoming Lok Sabha elections.

Releasing names breach of Govt promise, bank laws: official

Poll bonds: Indias Supreme Court has banned the use of anonymous electoral bonds by political parties for fundraising. This decision affects funding across party lines but is seen as a setback for the ruling BJP, which benefited the most from the scheme.

Poll Bonds: The Supreme Courts landmark order banned electoral bonds, declaring them unconstitutional due to concerns about transparency and accountability. The ruling BJP received the majority of funds through these bonds, significantly increasing its income. Other parties also relied on electoral bonds for financial support.

In a letter to heads of all political parties on November 3, the EC has also asked them to share detailed particulars of the donors against each bond, the amount of each such bond and the full particulars of the credit received against each bond in a sealed cover.

The Supreme Court of India expressed concerns about the "selective anonymity/confidentiality" associated with electoral bonds. During a hearing on petitions challenging the electoral bond scheme, the Chief Justice and other Justices questioned why the ruling party tends to receive a substantial portion of donations through these bonds, raising the possibility of expectations linked to these donations.

The scheme, which was notified by the government on January 2, 2018, was pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding.

India News: The Attorney General of India, R Venkataramani, has submitted his views to the Supreme Court regarding petitions challenging the electoral bond mode o

A bench of Justices BR Gavai and BV Nagarathna agreed to defer the hearing after the Centre sought more time.