Supreme Court delivered verdict on validity of electoral bonds.

On Thursday, February 15th, 2024, the Supreme Court delivered its verdict on the legality of the electoral bond scheme, which allows anonymous donations to political parties in India. The scheme had been challenged by petitioners, including the Association for Democratic Reforms, the Communist Party of India (Marxist), and Congress leader Jaya Thakur, who argued that it violated citizens' rights to information about political party financing and promoted corruption. The petitioners also asserted that amendments to the Companies Act were introduced in an effort to facilitate anonymous donations via the purchase of electoral bonds. The Central Government maintained that the electoral bonds scheme was intended to replace cash donations and increase transparency in political funding, but the petitioners disagreed, arguing that the scheme provided anonymity that enabled corruption and undermined the level playing field for political parties in opposition.

February 14, 2024
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