In a historic verdict barely weeks before the Lok Sabha polls are set to be notified, the Supreme Court struck down Thursday the Narendra Modi government's 2018 electoral bonds scheme of anonymous political funding.
The Supreme Court on Thursday delivered a unanimous verdict, striking down the Electoral Bonds scheme as unconstitutional. While the Opposition parties hailed the Apex court decision, the ruling Bharatiya Janata Party said that the scheme was brought in for transparency in electoral fundi
The Supreme Court on Thursday while striking down the Centre's Electoral Bonds scheme said that the purpose of curbing black money is not a sufficient justification to anonymise the identities of donors and the details of the contributions in the Electoral Bonds scheme.
As his 'Bharat Jodo Nyay Yatra' reached Bihar's Aurangabad on Thursday, Congress leader Rahul Gandhi on Thursday came out in praise of the Supreme Court over its verdict striking down electoral bonds, promising to conduct a financial survey across the country if voted to power in the upco
In a separate but concurring opinion in the Electoral Bonds case, Justice Sanjiv Khanna highlighted significant data related to contributions via such bonds. He observed that a majority of these contributions were directed towards parties holding power at both the national and state levels.
The Communist Party of India (Marxist) on Thursday hailed the verdict of the Supreme Court striking down the electoral bonds scheme and said the "unscrupulous scheme designed to finance the ruling party by anonymous corporate donors" has been completely scrapped
After a five-judge bench of Supreme Court striking down the Electoral Bonds scheme as unconstitutional Rajya Sabha MP Kapil Sibal called SC's decision "a ray of hope for democracy".
Former Rajasthan Chief Minister Ashok Gehlot said on Thursday that the Supreme Court verdict striking down the Electoral Bonds scheme has allegedly proven that the electoral bonds are a "big scam" of the NDA government.
The Supreme Court on Thursday after striking down the Electoral Bonds Scheme which allowed for anonymous funding to political parties, ordered the State Bank of India (SBI) to stop issuing Electoral Bonds immediately.
After the Supreme Court struck down the Electoral Bonds scheme as unconstitutional, senior advocate Prashant Bhushan said that the petitions filed have been comprehensively allowed by the top court.
The Apex Court ordered banks to forthwith stop issuing Electoral Bonds and that the State Bank of India (SBI) shall furnish the details of Electoral Bonds encashed by the political parties. The court said that SBI should submit the details to the Election Commisison of India and ECI shall