-News18.com Electoral bonds were first notified in January 2018 by the then finance minister Arun Jaitley and its first tranche had gone for sale in March the same year. New Delhi: Of the six national parties that submitted details of their Income Tax Returns (ITR), three — Bharatiya Janata Party (BJP), Congress, and All India Trinamool Congress (AITC) — have declared income/donations worth Rs 1,931 crore through Electoral bonds during financial year...
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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...
More »Reveal information on those seeking secrecy of donors of Electoral bond scheme: CIC
-Moneylife.in In a historic decision, the Central Information Commission (CIC) has asked the government to reveal names of entities that have requested secrecy of donors identities in the Electoral bond scheme. Coming down heavily on the central public information officers (CPIOs) of the department of economic affairs (DEA), department of financial services (DFS), department of revenue (DR), and Election Commission of India (ECI), the central information commissioner, Suresh Chandra issued show cause...
More »A battle over welfare: On Delhi Assembly polls
-The Hindu The AAP will hope that the Assembly polls are a referendum on its government’s work Delhi, the Union Territory (UT) that hosts India’s capital city, might lag behind several States in total population and in area, but it enjoys outsize significance in terms of media and political attention. With 1.47 crore electors spread across the largely metropolitan national capital region and its pockets of rural voters in some suburbs, Delhi...
More »FM Sitharaman says RBI had no objection to Electoral bonds issuance by SBI; documents point otherwise -Udit Misra
-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...
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