Electoral Bonds Verdict Shortly: The Scheme, The Questions And The Defence
NDTV
The Narendra Modi government had brought the scheme in 2018 with the stated objective of enhancing transparency in poll funding
A Constitution bench of the Supreme Court will shortly announce its verdict on the validity of the electoral bonds scheme. The Narendra Modi government had brought the scheme in 2018 with the stated objective of enhancing transparency in poll funding. Detractors have, however, argued that the scheme's confidential nature promotes corruption and does not allow a level-playing field between parties.
What Is The Electoral Bonds Scheme?
According to the government's notification in 2018, the electoral bond is a bearer instrument in the form of a promissory note. An Indian citizen or an entity incorporated in the country is eligible to buy it. The bonds can be purchased for any value in the multiples of Rs 1,000 from specified branches of State Bank of India. The bonds are available for 10 days each in January, April, July and October. This period is specified by the Centre.
