All posts tagged: supreme court electoral bonds

“Fully Respect Supreme Court’s Order On Electoral Bonds But…”: Amit Shah

Published by Webster

The BJP has got approximately Rs 6,000 crore, Amit Shah said. New Delhi: Noting that he fully respects the Supreme Court order on electoral bonds, Union Home Minister Amit Shah on Friday said the scheme was introduced to end black money in politics and added that it should have been improved rather than scrapped. Mr Shah also said that the one nation, one election is the concept of the BJP and Prime Minister Narendra Modi and when it is implemented, it will ensure faster development and end recurring expenditure. “Electoral bonds were introduced to end the influence of black money in Indian politics. Everyone has to accept the decision given by the Supreme Court. I fully respect the Supreme Court decision. But I feel that instead of completely scrapping the electoral bonds, it should have been improved,” he said at an interaction at the India Today Conclave. Referring to the Congress, the home minister said the leaders of the opposition party used to take political donations in cash because out of a donation of Rs …

Number Theory: Poll bonds, their sway on India’s political finance | Latest News India

Published by Parlour News

The Supreme Court’s judgement declaring electoral bonds unconstitutional has revived the debate on political funding in India. While the judgement on electoral bonds has been widely praised, the problems with India’s political funding go beyond the electoral bond issue. This two-part data journalism series will try to explain the issues in detail. The first part will look at the problems with the electoral bond scheme and the second part will look at problems which go beyond electoral bonds. Representative Image. Source link

Supreme Court’s Big Verdict On Electoral Bonds Scheme Today

Published by Webster

In April 2019, the Supreme Court had declined to stay the electoral bonds scheme. New Delhi: The Supreme Court will today pronounce its verdict on a set of petitions challenging the validity of the electoral bonds scheme. A five-judge Constitution bench, led by Chief Justice DY Chandrachud, reserved its verdict on November 2 last year. The electoral bonds scheme, introduced by the government on January 2, 2018, was seen as a solution to replace cash donations and enhance transparency in political funding. Electoral bonds serve as a financial instrument allowing individuals and businesses to contribute funds to political parties discreetly, without revealing their identities. Under the provisions of the scheme, any citizen of India or entity incorporated or established in the country can purchase electoral bonds. These bonds are available in various denominations, ranging from Rs 1,000 to Rs 1 crore, and can be obtained at all branches of the State Bank of India (SBI). These donations are also interest-free. One of the key features of electoral bonds is the anonymity they provide to donors. …