The landmark judgment of the Supreme Court of India is a reminder that citizens need to be ever watchful in a democracy ‘The issue of money in elections, which includes the use of black money and bribing of voters using campaign funds and freebies, still remains’. The judgment of the Supreme Court of India, on […]
The pre-2017 electoral funding system was far from perfect, but distortions like electoral bonds exacerbate the problem The Supreme Court, in a landmark decision on February 15, declared the electoral bonds scheme introduced by the previous Narendra Modi-led National Democratic Alliance (NDA) government in 2017, unconstitutional. The judgment has stirred a hornet’s nest with all kinds […]
Will the government bring an ordinance to overrule the SC judgement? Unlikely, because all the amendments done to various acts – IT Act, Companies Act, RPA 1951 – have been struck down as unconstitutional. Moreover, SC has upheld the citizens right to know on sources of political funding. Hence any future scheme introduced to curb […]
A lot of us seem to have forgotten that political parties, elections and democracy existed even before 2017 – and so before the existence of electoral bonds. Though introduced in 2017, Electoral Bonds (EBs) seem to have become a popular topic in the national discourse ever since the recent three-day hearing in the Supreme Court […]
In the age of digital dominance, electoral bonds are a calculated and sophisticated step towards electoral gain. Money is never neutral but it tends to mostly, if not always, favour the most domineering and deep-pocketed. This expression is highly relevant in the context of Indian elections where the stakes are always high and the sole […]
Only 15 regional parties received donations through electoral bonds, the highest amount being BJD’s Rs264 crore. For the Opposition parties, electoral bonds pose the fear of omission (being starved of funds) and the fear of commission — being traced and harassed by the ED and CBI. How would you like to play a game in […]
In disallowing voters from knowing the identity of donors, the scheme is even more opaque now Last month, an investigative series on electoral bonds by independent journalist Nitin Sethi, with the help of Right to Information (RTI) activist Commodore Lokesh Batra (retd), exposed how the BJP leadership misled the Election Commission (EC) and Parliament on […]
India is often hailed for its democracy, for empowering its poor and ordinary citizens to participate in the electoral process and play a role in shaping the country. This narrative has increasingly come under strain since the Supreme Court, through its March 2003 judgment in Union of India vs Association for Democratic Reforms, made it mandatory […]
There was an intense debate around the introduction of electoral bonds by the government. Data obtained from SBI reveals that there is hardly any demand for electoral bonds of lower denomination even in the month of May. Not a single bond in the denomination Rs 1000 & Rs 10000 was purchased in May, while 99.7% […]
Close to 97 percent of all the bonds purchased so far are in denomination of Rs 10,00,000 and Rs 1 crore. The electoral bonds were first announced in the 2017-18 budget and the scheme was subsequently notified in January 2018. Factly had earlier written about the bonds, their impact on transparency, etc. Data obtained from […]