Govt, approves 17th tranche of electoral bonds; sale opens on July 1
The Hindu
The SBI is the only authorised bank to issue such bonds.
Ahead of the Assembly elections in five States, the government on Tuesday approved the issuance of the 17th tranche of electoral bonds, which will be open for sale from July 1 to 10. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, opposition parties have been raising concerns about the alleged opaqueness in funding through such bonds. “State Bank of India (SBI), in the XVII phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches with effect from July 1 to July 10, 2021,” the finance ministry said in a statement.
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