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SC rules electoral bonds scheme 'unconstitutional'; Here are the key takeaways from the verdict

By Economic Times - 9 months ago
The Supreme Court has deemed the electoral bonds scheme "unconstitutional," citing its violation of the right to information. The scheme allowed anonymous corporate contributions to political parties. The court has directed the State Bank of India (SBI) to stop issuing electoral bonds and disclose details of parties that received them. The decision, coming ahead of the Lok Sabha elections, aims to enhance transparency in political funding. The ruling BJP reportedly received significantly more funding through electoral bonds than the Congress, raising concerns about fairness and transparency in political financing.

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