Supreme Court Judgment on Electoral Bond Scheme

On 15th February, 2024, in a landmark unanimous judgment, a five-judge Constitution bench of the Supreme Court (SC) struck down the electoral bonds scheme terming it as “unconstitutional and manifestly arbitrary”.

Background

  • Introduced in 2018, the electoral bonds scheme allows corporations and individuals to anonymously donate money to political parties by purchasing electoral bonds from the State Bank of India (SBI).
  • This scheme was challenged by a number of parties, including the Communist Party of India (Marxist), Common Cause and the Association for Democratic Reforms (ADR).
  • The petitioners argued that citizens have a right to information about the parties and ....
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