Electoral bonds Current Affairs - 2019

Category Wise PDF Compilations available at This Link

11th tranche of Electoral Bonds sale to start from July 1

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral Bonds? Electoral bonds are being pitched as an alternative to cash donations made to political Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Election Commission of India on Electoral Bonds

In an affidavit filed before the Supreme Court, the Election Commission of India has made the following observations: Electoral bonds, contrary to government claims, wreck transparency in political funding. Electoral bonds coupled with the removal of the cap on foreign funding invites foreign corporate powers to impact Indian politics. Electoral bonds would cause a “serious Read More…

Month:  Categories: Constitution & LawUPSC

Tags:

SBI to issue and encash electoral bonds soon

The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati. The concept of electoral bond was initiated in Union Budget 2017.Later on Electoral bond scheme Read More…

Month:  Categories: Business, Economy & Banking

Tags:

First sale of electoral bonds from March 1, 2018: Finance Ministry

The first sale of electoral bonds will start from March 1, 2018 for period of 10 days at four main branches of State Bank of India in Mumbai, Chennai, Kolkata and New Delhi. These bonds will have a life of 15 days, and citizen of India or an entity incorporated or established in the country Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Government announces details of electoral bonds for political funding

The Union Government has announced details of electoral bonds for political funding that can be routed by donors to political parties. The electoral bonds scheme was announced in Union Budget 2017 with an aim for increasing transparency in political funding. It makes India first country in the world to have such unique bonds for electoral Read More…

Month:  Categories: Governance & Politics

Tags:

Government introduces alternative funding mechanism of electoral bonds: Budget

The Union Government has announced two measures in the Budget 2017-18 to bring in greater transparency in funding of political parties. These include capping cash funding by a single anonymous donor to Rs. 2000 (one tenth of the current limit of Rs 20,000) and introduction of the electoral bonds. It will take effect from 1 Read More…

Month:  Categories: Business, Economy & Banking

Tags: