Electoral Bonds Under Scrutiny in Supreme Court
The Supreme Court of India is currently examining the Electoral Bonds Scheme in India, as it received criticism for lacking transparency and having the potential to encourage corruption. The Association for Democratic Reforms is one of the petitioners who claim that the scheme weakens democracy by giving preference to the ruling parties and causing imbalances in political funding.
They argue that it violates the fundamental right of citizens to know the source of political money. There is still a legal dispute going on. The main points of disagreement include the scheme’s effect on democracy, the financial differences between political parties, and worries about foreign involvement in politics.
Electoral Bonds
Electoral bonds were introduced with the Finance Bill of 2017. They are securities or instruments that are used to make financial contributions to political parties. Notification of the Electoral Bonds came out in 2018.
In this article, we will learn about Electoral Bonds in detail, including their scheme, recent update, eligibility, advantages, and disadvantages.
Table of Content
- What are Electoral Bonds?
- Electoral Bonds Scheme in India
- Supreme Court Declared Electoral Bonds Unconstitutional
- Electoral Bonds Under Scrutiny in Supreme Court
- Supreme Court’s Hearing on Electoral Bonds Scheme
- Eligibility for Electoral Bonds Scheme