SC reserves verdict on pleas challenging Electoral Bonds scheme, asks poll panel to give details of all political donations | India News

NEW DELHI: The Supreme Courtroom on Thursday requested the Election Fee to furnish the information of donors and quantum of contribution made by them to political events since 2017-18 until date. The highest court docket has requested the ballot panel to present the information in a sealed packet inside two weeks.
A 5-judge high court docket bench headed by CJI D Y Chandrachud reserved verdict on petitions difficult validity of Electoral Bond scheme which permits for nameless funding to political events.
The bench, which additionally included Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, had on October 31 commenced listening to arguments on 4 petitions, together with these filed by Congress chief Jaya Thakur, the Communist Occasion of India (Marxist) and NGO Affiliation for Democratic Reforms (ADR).
In April 2019, the highest court docket had declined to remain the electoral bonds scheme and made it clear that it’s going to accord an in-depth listening to on the pleas because the Centre and the Election Fee had raised “weighty points” that had “large bearing on the sanctity of the electoral course of within the nation”.
What’s the Electoral Bond scheme?
The Electoral Bond scheme, which was notified by the federal government on January 2, 2018, was pitched as an alternative choice to money donations made to political events as a part of efforts to usher in transparency in political funding.
In line with the provisions of the scheme, electoral bonds could also be bought by any citizen of India or entity included or established in India. A person should purchase electoral bonds, both singly or collectively with different people.
Solely the political events registered underneath Part 29A of the Illustration of the Individuals Act, 1951 and which secured not lower than 1 per cent of the votes polled within the final election to the Lok Sabha or a state legislative Meeting are eligible to obtain electoral bonds.
In line with the notification, electoral bonds shall be encashed by an eligible political get together solely by an account with an authorised financial institution.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button