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flag After the electoral bonds ban, corporate donations to Indian political parties surged via disclosed electoral trusts, mainly benefiting the BJP.

flag After the Supreme Court struck down electoral bonds in February 2024, electoral trusts have become the primary vehicle for corporate political donations in India, with Rs 3,811 crore contributed in 2024–25. flag Prudent Electoral Trust led the flow, receiving Rs 2,668 crore and disbursing most to the BJP, while Progressive and New Democratic trusts also received major contributions from Tata and Mahindra Group firms. flag These trusts, which require donor and recipient disclosure, must spend at least 95% of funds on political parties annually. flag The shift reflects a growing reliance on trusts following the ban, raising concerns about transparency and concentrated influence in political financing.

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