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What is electoral bond - Benefits, Validity, Conditions, Controversy, News


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. ....

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No public interest in disclosing details of political parties' donors: CIC


There is no public interest in disclosing details of the donors of political parties, the Central Information Commission (CIC) has held, rejecting a plea for making the details public.
The Commission upheld the arguments of the State Bank of India that the information sought by Pune-based RTI activist Vihar Durve was personal in nature held by it in fiduciary capacity.
Durve had sought details of donor and donee of electoral bonds from the books of accounts of State Bank of India branches designated to sell these bonds, sources said.
After the denial of information by the SBI, Durve approached the commission where he argued that the SBI was supposed to uphold public interest and not the interest of political parties. ....

Suresh Chandra , Vihar Durve , Election Commission , Law Ministry , Central Information Commission , State Bank , Electoral Bonds Scheme , Information Commissioner Suresh Chandra , Reserve Bank , சுரேஷ் சந்திரா , விஹார் துருவே , தேர்தல் தரகு , சட்டம் அமைச்சகம் , மைய தகவல் தரகு , நிலை வங்கி , தேர்தல் பத்திரங்கள் திட்டம் , தகவல் ஆணையர் சுரேஷ் சந்திரா , இருப்பு வங்கி ,