Polity & Governance
Supreme Court upholds electoral bonds scheme partially
Summary
The Supreme Court of India upheld the electoral bonds scheme with modifications, ordering disclosure of donor identities for bonds above ₹1 crore to curb anonymity in political funding.
Key TakeawayElectoral bonds were introduced in Finance Act 2017 as an anonymous mode of political funding.
Key Points
- SC modifies bonds scheme: donors above ₹1 cr must be disclosed.
- Bonds purchased via SBI in specified windows.
- Opposition parties challenged full anonymity.
- Transparency in political funding strengthened.
Key Facts
- Threshold
- ₹1 Crore
- Issuing Bank
- SBI
- Introduced
- Finance Act 2017
- Court
- Supreme Court
Why it matters?
Transparency in political funding directly impacts electoral integrity and public trust in democracy.