Electoral bonds worth ₹1,200+ crore sold & encashed between Jan-Mar 2022. More than 95% bonds were of ₹1 crore denomination. Large anonymous funds influencing election results. Gross violation of voters’ right to know as Supreme Court continues to look the other way. Attached locations but dont know who.
It's really shocking. Is this a transparency in electoral process? It's an easy way to pump unauthorised money in election fund. We heard a lot from the political party before coming to power, now shows no intent to clean up mess rather it's aggravating. more
No political party would welcome in having transparency in electrol bonds. This is similar to their unity in fixing their salary and perks. Sections in income tax act giving exemptions to such bonds without any limit must be deleted forthwith. Complete transparency must be brought into these transactions. It is pathetic that donations to charitiable actions are given exemption @ 50% except for few like PM Cares Fund. LC must take up with the appropriate authorities on the above points. more
Till such time there is a sea of difference between actual practices in vogue and the intent, it will be anti-people and counter-productive to democracy. With electoral bonds, they have masked the donors information, but the donee is known. The question is whether the donation is for past or future favours in return. This is very likely until the secrecy aspect is unmasked. Why shouldn't people know who is giving whom and how much? Giving unlimited tax exemption for political contributions u/s 80GGB and 80GGC is also leading to a lot of abuse that was once the case with 80G. Who will bell the cat? more