Page 12 - Electoral Bond

Regional parties got 51% of their funds via electoral bonds in FY20: Report

The 42 political outfits collected Rs 447.498 crore, which is 50.97 per cent of their total income of Rs 877.957 in 2019-20, says ADR study; only 14 parties declared such donations

Electoral bonds worth Rs 3,429.56 crore redeemed by parties in 2019-20: ADR

Electoral bonds worth Rs 3,429.56 crore were redeemed by parties in 2019-20, and 87.29 per cent of this was received by four national parties the BJP, Congress, TMC and the NCP, poll rights group Association for Democratic Reforms (ADR) said. In a new report, the ADR said the BJP declared a total income of Rs 3,623.28 crore during the financial year 2019-20, but spent only 45.57 per cent (Rs 1,651.022 crore) of it. The Congress' total income in 2019-20 was Rs 682.21 crore. The party spent Rs 998.158 crore, which exceeds its income for that year by 46.31 per cent, it said. The TMC declared a total income of Rs 143.676 crore during FY 2019-20, and spent Rs 107.277 crore (74.67 per cent), the ADR report added. "As per the data shared by SBI in response to ADR's RTI application, electoral bonds worth Rs 3,429.5586 crore were redeemed by parties in FY 2019-20. Of this, 87.29 per cent was received by four national parties BJP, INC, AITC & NCP," it said. "The total amount of electoral

Govt approves issuance of 16th tranche of electoral bonds from April 1-10

The 15th tranche of bond sale took place from January 1 to January 10, 2021

SC dismisses plea to stay sale of electoral bonds ahead of assembly polls

The Supreme Court on Friday dismissed a plea seeking stay on further sale of electoral bonds ahead of assembly elections.

SC to hear plea against opening window for electoral bonds sale on Mar 24

The Supreme Court agreed to hear on March 24 a fresh plea seeking a direction to the Centre and others to not open any further window for sale of electoral bonds

Govt approves 15th tranche of electoral bonds; sale closes on January 10

The government on Tuesday approved the 15th tranche of electoral bonds which will be open for sale between January 1 and January 10. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. "The State Bank of India (SBI), in the XV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches (as per list enclosed)w.e.f. 01.01.2021 to 10.01.2021," the Finance Ministry said in a statement. The 29 specified SBI branches are in cities such as Patna, New Delhi, Chandigarh, Shimla, Srinagar, Dehradun, Gandhinagar, Bhopal, Raipur, Mumbai, and Lucknow. The sale of the first batch of electoral bonds took place from March 1-10, 2018. According to provisions of the scheme, electoral bonds can be purchased by a person who is a citizen of India or entities incorporated or established in India. Registered political parties that have secured not less t

NGO moves SC against electoral bonds scheme ahead of Bihar assembly polls

Ahead of Bihar Assembly elections, an NGO has moved the Supreme Court seeking urgent hearing of its 2017 PIL challenging the 2018 Electoral Bonds Scheme meant for funding political parties

Electoral bonds are up for sale from today: All you need to know

SBI is the only authorised bank to issue such bonds. Tune in to the podcast to know more about electoral bonds and controversy over it

Govt approves 14th tranche of electoral bonds; sale closes on Oct 28

Ahead of the Bihar election, the government on Friday approved the 14th tranche of electoral bonds which will be open for sale between October 19 to October 28

Govt approves 14th tranche of electoral bonds; sale closes on October 28

The Election Commission of India (ECI) accorded 'no objection' from the Model Code of Conduct (MCC) angle on October 15 with certain conditions, a finance ministry statement said

Status of political parties' electoral bonds recieved in sealed cover: EC

The EC submitted the affidavit in the pleas filed by an NGO and others seeking a stay on the Centre's Electoral Bond Scheme, 2018

SC says no interim stay on electoral bond scheme, seeks Centre, EC response

As per provisions of the scheme, electoral bonds may be purchased by a person, who is a citizen of India or incorporated or established in India

Top headlines: SC accepts govt's proposal on Unitech, telcos' plea in SC

India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while the total wealth of all Indian bill

BJP received 1,450 cr through electoral bonds in 2018-19, Cong 383 cr: ADR

'During the financial year 2018-19, only the BJP, Congress and Trinamool Congress have declared receiving an income from contribution through electoral bonds, a total of Rs 1931.43 crore' ADR said

Sale of 13th tranche of electoral bonds from Monday: Finance ministry

Electoral bonds can be purchased by a person who is a citizen of India or incorporated or established in India

RBI had no objection to issuance of electoral bonds through SBI, says FM

She said the Committee of the Central Board (CCB) of RBI in its meeting held on October 11, 2017 indirectly agreed for electoral bonds to be issued if it is done by the SBI.

SC to decide on hearing plea seeking stay on electoral bonds in January

Bhushan, appearing for the Association for Democratic Reforms, said the scheme needed to be stayed as it had become akin for accepting bribe, money laundering and channelisation of black money

Who got the most of Rs 6k cr electoral bonds? Wait till Oct'20 to find out

So far in FY20, a total of Rs 3,355.93 crore worth of electoral bonds have been sold. This is higher than in the entire previous financial year, when Rs 2,550.78 crore's worth were sold

Congress says Centre promoting pvt telcos, asks if electoral bonds involved

Congress spokesperson Pawan Khera alleged public sector companies like BSNL and MTNL, which were making profits under the previous UPA 1 and 2 governments, were now running at losses

Electoral bonds cleaned political donation system; ain't a scam: SC Garg

In case a political party receives a political donation in cash primarily, then that might actually indicate a scam, he stated