Contemporary Relevant Issues
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Electoral Bond Scheme and Transparency in Political Financing |
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Aspect |
Description |
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Introduction / Concept |
Electoral bonds are promissory-note-like financial instruments that can be bought by companies and individuals from SBI and donated to a political party. On February 15, 2024, a 5-member Constitution Bench of the Supreme Court declared this scheme unconstitutional. |
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Background / Current Context |
The Central Government launched this scheme in 2018 with the aim of bringing transparency to political funding. Between January 2018 and January 2024, electoral bonds worth ₹16,518 crore were sold. According to an ADR report, BJP's donations increased by 171% to ₹6,074 .... |
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