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India News: The Supreme Court has declared the electoral bonds scheme as unconstitutional. This article discusses the impact of the judgment on electoral politics and the need for retrospective disclosure. Find out why the verdict will not undo the damage already done.
Brush up your current affairs knowledge with this week's top 15 questions and consolidate your UPSC-CSE preparation. Find answers along with explanations at the end of the quiz.
Will the government bring an ordinance to overrule the SC judgement? Unlikely, because all the amendments done to various acts – IT Act, Companies Act, RPA 1951 – have been struck down as unconstitutional. Moreover, SC has upheld the citizens right to know on sources of political funding. Hence any future scheme introduced to curb the role of black money and cash will have to be transparent
Orders disclosure of donors, amount, recipients by March 13; petitioners say it is a big boost to democracy
In a landmark verdict delivered ahead of the Lok Sabha polls, the Supreme Court scrapped the 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