Supreme Court is still alive friends


1. Indian Supreme Court has scrapped the entire scheme as violative of Constitution and fundamental rights.

2. All new issuing by SBI to stop right now. The entire scheme is opaque and holds promise of quid pro quo (i.e. Corruption).

3. All earlier issues to be disclosed fully to public by SBI and ECI. So now, we will know who funded whom and how much!

The most corrupt invention in India - Electoral Bonds - finally meets its grave.

Supreme Court abhi zindda hai. more  

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Corruption in electoral bonds scrapped by Supreme Court. Corporate funding of political parties is a fraught subject all over the world. Companies giving money to politicians raises questions of a nexus between the two, leading to corruption and cronyism, leaving the field wide open for quid pro quo deals. And this is something the Supreme court also underlined as it delivered its verdict on February 15. “Contributions made by companies are purely business transactions made with the intent of securing benefits in return.” more  
The scrapping of Electoral Bonds by the Supreme Court was a right step in addressing what could be considered the most corruption act ever committed in India. What has the SC ordered? 1. SBI to stop issuing electoral bonds 2. SBI to disclose details of electoral bonds purchased since April 2019 including the name of the purchaser. 3. SBI to disclose details of each electoral bond encashed by political parties. With in three weeks (March 6) Election commission to publish this information on its website Electoral bonds within the validity period of 15 days but not encashed should be refunded by political party to purchase What did the verdict say? The Chief Justice of India (CJI) said that the electoral bond scheme violates freedom of speech and expression under Article 19(1)(a) of the Constitution. CJI said financial contributions to political parties are made, either for support to a political party, or a way of quid pro quo ( in return for favours) Companies should not be allowed to make unlimited contributions to political parties A company has a much graver influence on the political process, both in terms of the quantum of money and the purpose of contributions What is an electoral bond? A scheme introduced in 2017 that allowed individuals and companies to donate money to political parties anonymously and without any limits. The contributor bought a bond from SBI and SBI would release the money to the political party. Problem? Anonymous donations mean that voters and citizens do not know who is contributing to the political party, and in whose debt the party would be when it came to power. In whose favour would government decisions be made (quid pro quo) Who received the largest contribution so far? (2016 to 2022) BJP: Rs 5,272 crore (57% of total) Congress: Rs 952 crore All the remaining parties put together: 2,964 and more.... Electoral Bonds - "Bonding between corporates and BJP" - Kapil Sibal. Ravish Kumar, and lawyer, Shri Kapil Sibal say it all. more  
We are a corrupt country and most politicians are the culprits. more  
I think honorable supreme Court has created room for black money to be used by political parties. Arun jetley has initiatednthus more  
Come alive! The use of Black Money during '24 General elections is now permitted... officially I mean. There could have been some flaws in the Electoral Bond system but it was certainly better than the system (of mostly cash donations) prevailing before that. It had, at least curtailed the use of Black Money during the elections. more  
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