Electrol Bonds is UNCONSTITUTIONAL in India ! Chowkidar Chor Hai ! LoL Modi !

[Spartan]

2 hours ago, Raisins_72 said:

It was pitched as an alternative to cash donations and as a way to increase transparency in political funding.

kani catch was to keep the donor anonymous

it raised doubts in many

[bhaigan]

On 2/15/2024 at 5:20 AM, CaptainMaverick said:

57% vs 10%: BJP vs Congress share in electoral bond fund

With the Supreme Court striking down the scheme, analysis of declarations, SBI data show that after the big two come major regional ruling parties. NCP figures despite not being in power

In the six years since the electoral bonds scheme was introduced, more than half, or 57%, of the funds extended through bonds have gone to the BJP. The party, as per its declarations to the Election Commission, received Rs 5,271.97 crore via bonds between 2017-2022. The Congress was a distant second at Rs 952.29 crore.

The EC is yet to publish the annual reports of parties for the financial year 2022-2023.

The Supreme Court on Thursday held the changes made in the law to introduce the electoral bonds scheme as unconstitutional, in a unanimous verdict on a batch of pleas challenging the legal validity of the Centre’s scheme which allowed for anonymous funding to political parties.

A five-judge Constitution Bench presided by Chief Justice of India D Y Chandrachud also directed that “the issuing bank shall herewith stop the issuance of electoral bonds” and asked the State Bank of India (SBI) to “submit details of the electoral bonds purchased since the interim order of the court dated April 12, 2019, till date to the Election Commission of India (ECI)”.

The bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, said, “The deletion of the proviso to Section 182(1) of the Companies Act, permitting unlimited corporate funding to political parties is arbitrary and violative of Article 14”.

Under the scheme, notified by the Narendra Modi government on January 2, 2018, electoral bonds could be purchased by any citizen of India or entity incorporated or established in India. An individual can buy electoral bonds, either singly or jointly with other individuals.

It was pitched as an alternative to cash donations and as a way to increase transparency in political funding. In the period between 2017-2018 and 2021-2022, electoral bonds worth Rs 9,208.23 crore were sold, according to State Bank of India data obtained by The Indian Express through RTI.

An analysis of the annual audited account statements submitted by the parties to the EC puts the worth of the contributions via bonds to the BJP at Rs 5,271.97 crore, from 2017-2018 till 2021-2022.

 Electoral bonds sold from 2017-18 to 2021-22

Regional parties in power in states are also big recipients of electoral bonds funds, with the Trinamool Congress that has been in government in West Bengal since 2011 declaring contributions worth Rs 767.88 crore over the years, putting it third after the BJP and Congress.

The ruling Biju Janata Dal in Odisha declared Rs 622 crore in electoral bonds between 2018-2019 and 2021-2022; the party that has ruled the state since 2000 did not declare any contributions via electoral bonds in the first year of the scheme.

The DMK, which is in power in Tamil Nadu since 2021, declared contributions of Rs 431.50 crore in three years from 2019-2020 to 2021-2022; it did not have any electoral bond contributions in its statements for the previous two FYs.

The Aam Aadmi Party, which is in power in Delhi and Punjab and recently became a national party, declared receiving contributions of Rs 48.83 crore over the years in the category of “electoral bond / electoral trust”. There is no clarity on how much of that amount is via bonds alone.

The JD(U), which has been in power in Bihar for several years now, as head of different coalitions, declared a total of Rs 24.40 crore via electoral bonds from 2019-2020 to 2021-2022.

Among the non-ruling parties, the contribution received by the NCP via electoral bonds was among the highest, at Rs 51.5 crore.

The CPI, CPI(M), BSP and National People’s Party (the ruling party in Meghalaya) told the Election Commission that they had got no contributions through electoral bonds.

70 years ga congress ki vachina funding adi

BJP ki 10 years lo 57% funding ela vachindi, clear case of quid pro quo

apara sanghi badcow

[bhaigan]

On 2/15/2024 at 8:50 AM, Anta Assamey said:

You can give donation to any party anonymously by purchase electoral bonds from SBI ….

This is being mainly used like quid pro quo…

You get benefit from a party but you pay them back not to personal account but to party accounts by these bonds and can be anonymous... The political parties dont have to reveal the names of the donors...

This was introduced in 2018 by BJP...

Exactly

[Rojaa]

On 2/15/2024 at 12:38 AM, bhaigan said:

 

 

@bhaigan half sulIi cut, send one thulam bangaram ra