Electoral bonds, the State Bank and the art of evasion
Electoral bonds, the State Bank and the art of evasion
Current Affairs Daily Editorials
La Excellence IAS Academy | March 11, 2024 | Indian Polity
Syllabus: GS-II, Subject: Polity, Topic: Election and RPA, Issue: Electoral Bonds
Context: the Supreme Court declared the electoral bond scheme unconstitutional.
More about the S.C. court ruiling:
- The scheme facilitated unlimited anonymous funding of political parties.
- The court ordered the State Bank of India to halt the issuance of electoral bonds.
- And disclose complete details of bond purchased since April 12, 2019 within 21 days.
Conclusion:
- Transparency in political funding:
- allows voters to track potential quid pro quo.
- crucial for maintaining democratic integrity and effective governance.
- The C. must enforce disclosure timelines to uphold voters’ right to information.
Access to this information empowers voters to make informed decisions.
Source: The Hindu
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