Electoral Bonds "Not The Only Way" To Curb Black Money: Supreme Court

The court acknowledged the potential for quid pro quo arrangements arising from financial support to political parties.

The Supreme Court, in a historic judgment today, declared the electoral bonds scheme for political funding as unconstitutional. Chief Justice of India DY Chandrachud, while announcing the verdict, said that the scheme was arbitrary and violated the citizens' right to information. 

The electoral bonds scheme, introduced by the government on January 2, 2018, was seen as a solution to replace cash donations and enhance transparency in political funding.

Here are the Supreme Court's key conclusions: