Supreme Court
New Delhi: The Supreme Court recently canceled the electoral bond scheme. Also called it unconstitutional. The court also ordered the State Bank to present the details of the electoral bonds. Cancellation of this scheme can have a big impact on political parties. The public will have to be told who has donated to them and how much. Earlier no one even knew who was donating to which party and how much. Is he taking any benefit from the political party or its government in exchange for donations? After the court’s decision, the public can get information about donations being given to political parties in future.
The public gave their opinion
How much impact will the cancellation of the electoral bond scheme have on political parties? We wanted to know the public’s opinion in this regard. On various platforms of India TV, we had asked the public that ‘Is the ban on electoral bonds by the Supreme Court before the Lok Sabha elections a big blow to all the parties?’. We had given the public the options of ‘yes’, ‘no’ and ‘can’t say’. A total of 14380 people shared their opinion with us on the poll.
Is ban on electoral bonds a big blow to all parties?
what does the public think
According to India TV’s poll, 72 percent people believed that the cancellation of the electoral bond scheme would be a blow to political parties. Whereas 24 percent people said that it will not have any effect. At the same time, there were four percent people who said that they cannot say whether this is a setback for political parties or not.
Supreme Court gave historic decision
In a historic decision, the Supreme Court on Thursday canceled the electoral bond scheme launched to finance political parties. The top court said that this violates the constitutional right to freedom of expression as well as the right to information.
What is an electoral bond?
Electoral bonds are a financial instrument through which donations are made to political parties. This provision was made for the first time by the Finance Minister in the Union Budget 2017-2018. According to the Electoral Bond Scheme- 2018, under electoral bonds a promissory note is issued in which the holder is promised to pay the amount. According to the Association for Democratic Reforms (ADR), it does not name the buyer or payer of the bond, no ownership information is recorded and the holder (i.e. political party) is considered its owner.
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