electoralbonds
By Ritika Jain Taking a stern view on the issue, the Supreme Court directed the State Bank of India (SBI) to submit all details on Electoral Bonds before the Election Commission by March 12 before “close of business hours”, and the poll panel has been directed to publish the same on its website no later than March 15. Dismissing SBI’s plea, the SC put the SBI’s chairman and managing director on notice and warned them of contempt for failure to comply with today’s orders. “Though we are not exercising the contempt jurisdiction, but we place SBI on notice that this court will proceed against it ...
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By Nidhi Jacob A recent viral post on social media claiming that regional political parties received a greater share of donations through electoral bonds compared to the Bharatiya Janata Party is misleading. Political Kida, a pro-right-wing social media page, pushed out a post on Instagram, X and Facebook, in response to India Today's news anchor Rajdeep Sardesai's post. Sardesai had stated that the BJP received the majority of electoral bond funds over the past decade. In contrast, Political Kida posted a graphic aiming to show the "reality" of the electoral bond distribution, claiming that r...
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By Ritika Jain In a significant verdict, the Supreme Court’s five-judge Constitution Bench unanimously struck down the Electoral Bonds scheme calling it unconstitutional. This verdict is crucial ahead of the upcoming general elections tentatively slated for April-May since it changes the way political parties can now accept donations for poll campaigns. Non-disclosure of information is violative of one’s right to information and free speech under Article 19(1)(a), the Supreme Court said. More significantly, the top court issued a series of directions including directions to the State Bank of I...
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By Ritika Jain Six years after its introduction, the Supreme Court today will begin hearing challenges to the highly contested electoral bonds which allow anonymous donations to political parties. At the last hearing, more than two years ago in March 2021, the top court refused to stay the sale of electoral bonds. The hearing is crucial ahead of the upcoming state elections in November and in the run-up to the general elections slated for 2024. The top court earlier this month said it would decide on the legality of the electoral bond scheme before the country goes to polls next year. The 2019...
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