SC has batted big for transparency by dismissing SBI’s plea for more time to disclose electoral bonds info. People have a right to be aware of political party funding before they go to polling booths
On March 11, SC took up two petitions of national importance. One was State Bank of India’s plea seeking extension till June 30, for disclosing info on electoral bonds. SBI did not comply with the Feb 15 court order, asking it to file the info by March 6. That order had struck down the entire electoral bonds scheme as unconstitutional.
The other petition by Association for Democratic Reforms (ADR) said that SBI was in contempt of court for not complying with its earlier order. Note that SBI is our largest bank, with over 48 crore account holders, while India has 25 crore households. Indeed, SBI is among India’s most respected institutions.
You can read more here: https://timesofindia.indiatimes.com/india/their-notes-before-your-votes/articleshow/108403437.cms.
This article was originally published in TOI+.