-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...
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BJP accounted for 75% of total income national parties received through electoral Bonds in 2018-19, Cong second -Fazil Khan
-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...
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...
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...
More »BJP wanted electoral Bonds without serial numbers -Priscilla Jebaraj
-The Hindu The party recommended that electoral Bonds should be issued without any serial number or identification marks. The Bharatiya Janata Party (BJP) had pitched for greater anonymity for donors of electoral Bonds, according to a letter sent by party general secretary Bhupendra Yadav to Finance Minister Arun Jaitley in August 2017 when the scheme was being drafted. This letter was obtained by activist Lokesh Batra through a Right to Information application. The...
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