Live Breaking News & Updates on Electoral bonds india
Stay updated with breaking news from Electoral bonds india. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The State Bank of India on Tuesday evening submitted data about electoral bonds to the Election Commission of India, in line with a stern order from the Supreme Court.
Corporate funding of politics is a controversial subject. More so in India, where most of the money in recent years has gone to only one party. But there is a p
Poll bonds: Indian banks' norms may hinder the disclosure of subscribers' names in electoral bonds. The Supreme Court banned these bonds, citing transparency and accountability concerns. The State Bank of India has been ordered to disclose donor details, including the BJP's lion's share of Rs 16,518.11 crore funding, ahead of the general elections.
The judgment on the validity of the electoral bonds scheme was reserved by a five-judge Constitution bench of the Supreme Court after a three-day hearing, which started on October 31.
As the Supreme Court hears petitions challenging the validity of electoral bonds, information gathered from Right to Information applications made by transparency activist Commodore Lokesh Batra (Retd) reveals that bonds worth a whopping Rs 14,940 crore have been sold between March 2018 and October 2023.
A five-judge Constitution Bench of the Supreme Court of India is hearing a batch of petitions challenging the legal validity of the electoral bonds scheme, which facilitates anonymous donations to political parties.
A Constitution bench led by CJI DY Chandrachud will begin hearing next week the case concerning the legal validity of the electoral bonds scheme that facilitates anonymous donations to political parties.
WHAT IS AN ELECTORAL BOND Electoral Bond An electoral bond is like a promissory note that can be bought by any Indian citizen or company incorporated in India from select branches of State Bank of India. The citizen or corporate can then donate the same to any eligible political party of his/her choice. The bonds are similar to bank notes that are payable to the bearer on demand and are free of interest. An individual or party will be allowed to purchase these bonds digitally or through cheque.
The electoral bonds were introduced with the Finance Bill (2017). On January 29, 2018 the Narendra Modi-led NDA government notified the Electoral Bond Scheme 2018.