Ruling BJP got 95% of funds: Why there's an uproar over electoral bonds

ADR's findings reveal that electoral bond scheme brought a windfall for the ruling BJP ahead of Lok Sabha Elections 2019

electoral bonds, funding, election, election funding
Premium

ADR's report shows funding through electoral bonds is skewed heavily towards national parties, with the BJP walking away with the lion's share. Illustration: Ajay Mohanty

BS Web Team New Delhi
The Supreme Court will on April 10 hear a plea challenging the validity of the Centre's decision on issuance of electoral bonds for political funding. Several NGOs, Opposition parties, and even the Election Commission of India have raised concerns over the use of electoral bonds, which is a bearer Banking Instrument to be used for funding eligible political parties.

Association for Democratic Reforms (ADR) recently filed an application in the court seeking a stay on the Electoral Bond Scheme. It said that amendments carried out in the relevant Acts have "opened the floodgates to unlimited corporate donations to political parties

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 05 2019 | 1:23 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com