-The Hindu The Supreme Court’s suggestion to ‘match the following’ on Political Donations is impractical and incorrect In 2014, the Delhi High Court held that both the Congress and the Bharatiya Janata Party (BJP) were guilty of illegally accepting donations from two companies registered in India but whose controlling shareholder was Vedanta, a foreign company. The court held that this was in contravention of the Foreign Contribution (Regulation) Act (FCRA), 1976, as...
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Electoral Bond Sales Jumped by Nearly 16 Times During 2021 Assembly Polls -Gaurav Vivek Bhatnagar
-TheWire.in The State Bank of India has refused to reveal which political party received how much money through this. New Delhi: The sale of electoral bonds during the assembly elections in April this year was over 16 times more than what it was during the previous tranche of sales, in early January. This information was obtained from the State Bank of India through a Right to Information query. Though the RTI applicant had...
More »Here is why the electoral bonds scheme must go -Gautam Bhatia
-The Hindu It violates the basic tenets of India’s democracy by keeping the knowledge of the ‘right to know’ from citizens and voters The Supreme Court, after a brief hearing on March 24, reserved orders on the question of whether or not to stay the electoral bond scheme, ahead of the upcoming State elections. For the last three years, electoral bonds have been the dominant method of political party funding in India....
More »Use of electoral bonds for Delhi polls worries activists -Damini Nath
-The Hindu Rue the use of unaccounted money in next month’s Assembly elections New Delhi: Activists working for electoral reforms said they were disappointed on Monday when the Supreme Court declined to stay the electoral bond scheme of the government, saying that the anonymous donations to political parties through these bonds could continue for the Delhi Assembly elections next month. A founder of the Association for Democratic Reforms (ADR), which had filed a...
More »How opaque electoral bonds edge out transparent funding routes for 7 political parties
-Moneylife.in More and more big donors of political parties, including corporates, are using the electoral bond (EB) route for making large-sized donations due to the anonymity that provides to the donors. In fact, the annual audit reports for 2018-19 of seven political parties as published by the Election Commission of India (ECI) shows that they have received more than 50% of their donations through electoral bonds, reveals an analysis by Ventakesh...
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