Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra    </title>
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-The Indian Express

It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

On Tuesday, replying to a question in Rajya Sabha raised..."/>
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-The Indian Express

It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

On Tuesday, replying to a question in Rajya Sabha raised..." />
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    <h1 class="cat-box-title">FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.<br /></em><br />On Tuesday, replying to a question in Rajya Sabha raised by DMK&rsquo;s Tiruchi Siva about what the Reserve Bank&rsquo;s &ldquo;indirect&rdquo; approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: &ldquo;RBI, being a stakeholder, was involved in the consultation process and during the consultation process, they had certain questions to ask about the particular platform of issuance as to who is going to issue it and also the proforma with which it is going to be issued. These consultations were recorded, but, at the end of it, as long as the bonds were going to be issued by the State Bank of India, they did not have an objection. So, when said &lsquo;indirectly&rsquo;, it meant, subject to that&rdquo;.<br /><br />However, documents accessed through RTI by transparency activist Anjali Bharadwaj, show that &mdash; far from being just &ldquo;involved in the consultation process&rdquo; &mdash; the government had for the longest time assured the RBI that the central bank &ldquo;alone&rdquo; would issue the bonds. However, the RBI could not issue electoral bonds. This was because of the amendment to the RBI Act, which added a new Section 31(3), in February 2017, which allowed the government to authorise only &ldquo;scheduled banks&rdquo; to issue electoral bonds.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM" title="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM">click here</a> to read more.</div>                                                           
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It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

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It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

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    <h1 class="cat-box-title">FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.<br /></em><br />On Tuesday, replying to a question in Rajya Sabha raised by DMK&rsquo;s Tiruchi Siva about what the Reserve Bank&rsquo;s &ldquo;indirect&rdquo; approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: &ldquo;RBI, being a stakeholder, was involved in the consultation process and during the consultation process, they had certain questions to ask about the particular platform of issuance as to who is going to issue it and also the proforma with which it is going to be issued. These consultations were recorded, but, at the end of it, as long as the bonds were going to be issued by the State Bank of India, they did not have an objection. So, when said &lsquo;indirectly&rsquo;, it meant, subject to that&rdquo;.<br /><br />However, documents accessed through RTI by transparency activist Anjali Bharadwaj, show that &mdash; far from being just &ldquo;involved in the consultation process&rdquo; &mdash; the government had for the longest time assured the RBI that the central bank &ldquo;alone&rdquo; would issue the bonds. However, the RBI could not issue electoral bonds. This was because of the amendment to the RBI Act, which added a new Section 31(3), in February 2017, which allowed the government to authorise only &ldquo;scheduled banks&rdquo; to issue electoral bonds.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM" title="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM">click here</a> to read more.</div>                                                           
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-The Indian Express

It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.

On Tuesday, replying to a question in Rajya Sabha raised..." />
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                            <div align="justify">-The Indian Express<br /><br /><em>It is unclear why the government initially assured the RBI that RBI &quot;alone&quot; will issue electoral bonds as it could not do so under Section 31(3) of RBI Act.<br /></em><br />On Tuesday, replying to a question in Rajya Sabha raised by DMK&rsquo;s Tiruchi Siva about what the Reserve Bank&rsquo;s &ldquo;indirect&rdquo; approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: &ldquo;RBI, being a stakeholder, was involved in the consultation process and during the consultation process, they had certain questions to ask about the particular platform of issuance as to who is going to issue it and also the proforma with which it is going to be issued. These consultations were recorded, but, at the end of it, as long as the bonds were going to be issued by the State Bank of India, they did not have an objection. So, when said &lsquo;indirectly&rsquo;, it meant, subject to that&rdquo;.<br /><br />However, documents accessed through RTI by transparency activist Anjali Bharadwaj, show that &mdash; far from being just &ldquo;involved in the consultation process&rdquo; &mdash; the government had for the longest time assured the RBI that the central bank &ldquo;alone&rdquo; would issue the bonds. However, the RBI could not issue electoral bonds. This was because of the amendment to the RBI Act, which added a new Section 31(3), in February 2017, which allowed the government to authorise only &ldquo;scheduled banks&rdquo; to issue electoral bonds.<br /><br />Please <a href="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM" title="https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwise-6160756/?fbclid=IwAR2v9BtwTT6xNPHSo5M0jrjtNUCCMcCs51USs295Ze92nrwhrigjadv5YdM">click here</a> to read more.</div>                                                           
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Home हिन्दी

FM Sitharaman says RBI had no objection to electoral bonds issuance by SBI; documents point otherwise -Udit Misra

Published on Dec 13, 2019   Modified on Dec 13, 2019

-The Indian Express It is unclear why the government initially assured the RBI that RBI "alone" will issue electoral bonds as it could not do so under Section 31(3) of RBI Act. On Tuesday, replying to a question in Rajya Sabha raised by DMK’s Tiruchi Siva about what the Reserve Bank’s “indirect” approval to the issuance of electoral bonds meant, Finance Minister Nirmala Sitharaman said: “RBI, being a stakeholder, was involved in the consultation process and during the consultation process, they had certain questions to ask about the particular platform of issuance as to who is going to issue it and also the proforma with which it is going to be issued. These consultations were recorded, but, at the end of it, as long as the bonds were going to be issued by the State Bank of India, they did not have an objection. So, when said ‘indirectly’, it meant, subject to that”. However, documents accessed through RTI by transparency activist Anjali Bharadwaj, show that — far from being just “involved in the consultation process” — the government had for the longest time assured the RBI that the central bank “alone” would issue the bonds. However, the RBI could not issue electoral bonds. This was because of the amendment to the RBI Act, which added a new Section 31(3), in February 2017, which allowed the government to authorise only “scheduled banks” to issue electoral bonds. Please click here to read more.

The Indian Express, 11 December, 2019, https://indianexpress.com/article/business/banking-and-finance/fm-sitharaman-says-rbi-had-no-objection-to-electoral-bonds-issuance-by-sbi-documents-point-otherwi

Tagged with: Political Donation Political Funding Electoral bonds Right to Information Right to Information Act Reserve Bank of India RBI transparency

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