-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 »Rich love electoral bonds: More than 91% Donations over Rs 1 crore each -Udit Misra
-The Indian Express The RTI documents also show that over the 12 phases, just four cities accounted for 83 per cent of all electoral bonds by value. Electoral bonds with denomination of Rs 1 crore accounted for more than 91 per cent of the Rs 5,896 crore raised in the first eleven of the total twelve phases over which bonds were sold by select branches of the State Bank of India. ...
More »Got Rs 356 cr in Donations from Tata trust in 2018-19: BJP tells EC
-PTI India's richest trust -- The Prudent Electoral Trust -- gave Rs 54.25 crore in Donations to the party, according to the documents The BJP received Rs 356 crore in Donations from an electoral trust controlled by the Tata Group during 2018-19, according to documents submitted by the ruling party before the Election Commission. As per information provided by the BJP to the EC on October 31, it received a total ofover Rs...
More »Revealed: River of anonymous election cash that flowed to Calcutta -Anita Joshua
-The Telegraph Figures in May take the total amount of money invested in this opaque source of funding since January to Rs 4,794 crore Electoral bonds accounting for the maximum amount of political Donations in India in May were sold in Calcutta, according to information accessed by a citizen through the Right to Information route. Of the bonds worth Rs 822 crore that were sold in select outlets of the State Bank of...
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