What Is An Electoral Bond? How Do They Fund Political Parties? Read Here
NDTV
But what exactly are electoral bonds? An electoral Bond is a financial instrument for making donations to political parties as has been first pronounced by the Finance Minister in the Union Budget 2017-18.
In a landmark judgement, the Supreme Court today annulled the electoral bonds scheme for political funding, saying it violates the constitutional right to freedom of speech and expression as well as the right to information.
But what exactly are electoral bonds? An electoral Bond is a financial instrument for making donations to political parties as has been first pronounced by the Finance Minister in the Union Budget 2017-18.
According to the Electoral Bond Scheme, 2018, an electoral bond is a bond issued in the nature of a promissory note, which shall be bearer in character. A bearer instrument is one which does not carry the name of the buyer or payee, no ownership information is recorded and the holder of the instrument (i.e. political party) is presumed to be its owner, explains Association for Democratic Reforms.
