Fri, Mar 15, 2024
Electoral Bonds data: The data revealed that while the Bharatiya Janata Party (BJP) emerged as the leading political party to receive donations through electoral funds at Rs 5,271 crore, a little-known company, Future Gaming and Hotel Services, emerged as the biggest buyer of electoral bonds at Rs 1,350 crore. The Indian National Congress and the All India Trinamool Congress emerged as the next two largest parties to get donations through electoral bonds.
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Mon, Mar 11, 2024
What are electoral bonds? Introduced in 2017, electoral bonds allowed individuals and corporate groups to donate unlimited amounts of money to any political party anonymously. Electoral bonds, under the electoral bond scheme, were purchased by donors in fixed denominations from SBI and handed over to any political party that could cash them. The bonds did not require the beneficiary political parties to disclose the name of the donor to anyone, even the Election Commission of India (ECI).
Thu, Feb 15, 2024
In a historic verdict, the Supreme Court of India declares the electoral bond scheme unconstitutional, citing violations of citizens' right to information. Led by Chief Justice D.Y. Chandrachud, the five-judge bench emphasizes transparency in political funding and directs the State Bank of India to cease bond issuance immediately. The judgment highlights concerns over potential influence on policy decisions and underscores the need for transparent funding methods in Indian politics.
Tue, Jan 02, 2024
Leading public sector bank State Bank of India (SBI) has been authorised to issue and encash electoral bonds through its 29 authorised branches in state capitals from January 2 to January 11.
Mon, Jul 03, 2023
The government has given its nod to the issuance of the 27th tranche of electoral bonds, which will be sold from July 3-12. This development comes prior to the assembly elections of Rajasthan, Chhattisgarh, Telangana, and Mizoram.
Fri, Dec 28, 2018
According to the ministry, the Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period.
Sun, Jan 07, 2018
Jaitley tabled the new Electoral Bond Scheme, which was first announced in Budget 2017-18, in Parliament last week
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