Political Funding Current Affairs - 2019

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SC directs political parties to furnish receipts of electoral bonds in to EC

The Supreme Court has directed all political parties to furnish details about the receipts of electoral bonds in a sealed cover to the Election Commission. Electoral Bond Scheme The government had notified the Electoral Bond Scheme 2018 on January 2, 2018. As per provisions of the Electoral Bond scheme, electoral bonds may be purchased by Read More…

Month:  Categories: Government Schemes & Projects

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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 & Law

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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

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