SC to announce verdict on electoral bonds scheme: What is it and how is it connected with poll funding?

The Supreme Court is preparing to announce its decision on the legality of the electoral bond scheme, following a series of petitions challenging its validity. The scheme allows individuals and companies to purchase bonds for political donations, offering tax exemptions and donor anonymity. Critics argue the scheme promotes corruption and violates transparency, while the government asserts it checks illicit money use in elections. The verdict follows a bench's reservation of judgment last November, led by Chief Justice DY Chandrachud.
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