The unique numbers would match the buyers and the recipient political parties of the electoral bonds
The data also include details of redemption by political parties, including serial number, date of encashment, and name of political party, among other information
The Election Commission of India is set to release information on serial numbers enabling matching of donors with the parties to which they donated money
The move comes after the apex court had pulled up State Bank of India for giving 'selective details' and asked it to provide complete details regarding the electoral bonds scheme
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"The government has made extortion strategies, and now with the electoral bonds it has been proven that no one could have done extortion the way the BJP has done," said Yadav
The Ministry of Home Affairs proposal to amend Lottery Regulation Act was junked due to resistance from influential market players like Santiago Martin, an Economic Times report has claimed
India's finance minister last week defended the electoral bonds, saying cash received under the system was "legitimate"
India's finance minister last week defended the electoral bonds, saying cash received under the system was "legitimate"
Refuses to hear industry bodies' plea against sharing alphanumeric codes
The BJD received a total of Rs 944.5 crore. This includes Rs 213.5 crore in 2018-19, Rs 50.5 crore in 2019-20, and Rs 67 crore in 2020-21
Not ordering disclosure of details of electoral bonds prior to April 12, 2019 was a "conscious choice" by the Constitution bench, the Supreme Court said on Monday while refusing to entertain the submissions of ASSOCHAM and CII against the disclosure of bond details on the ground of their plea not being listed. A five-judge Constitution bench headed by Chief Justice D Y Chandrachud referred to the April 2019 interim order passed by the apex court in the case. On April 12, 2019, the top court had issued an interim order directing that the information about the donations received and donations which will be received must be submitted by political parties to the EC in a sealed cover. On Monday, the bench refused a hearing on unlisted pleas of industry bodies, Associated Chambers of Commerce & Industry of India (ASSOCHAM) and Confederation of Indian Industry (CII) against the disclosure of bond details. When senior advocate Mukul Rohatgi, appearing for ASSOCHAM and CII, referred to the
The apex court said that the industry bodies could not be given any precedence over other applicants and their plea was not listed for the hearing
BJP encashed electoral bonds totaling Rs 6,986.5 crore; Congress redeemed a total of Rs 1,334.35 crore through electoral bonds
Several political parties declined to share details of electoral bond donors citing various legal provisions, while others said they received the funding instruments through "drop box" or by post without any name. The DMK, which received most of its donations from a lottery firm, reached out to its donors to seek details of the electoral bonds as demanded by the Supreme Court in 2019. The BJP cited the amendments to the Representation of People Act, 1951 and the relevant portions of the Reserve Bank of India Act and the Income Tax Act for not revealing its donors. "It is duly submitted that the electoral bonds were introduced with the aim of bringing only accounted for funds in political funding while protecting the donors from any consequences, therefrom," the BJP said in its letter to the Election Commission. The Congress shot off a letter to the State Bank of India (SBI) seeking details of donors of electoral bonds, the amount, the bank account in which it was credited and the .
The Supreme Court on Monday directed the State Bank of India to make a complete disclosure of all details related to electoral bonds, including the unique bond numbers that would disclose the link between the buyer and the recipient political party, by March 21. A five-judge constitution bench headed by Chief Justice D Y Chandrachud said there is "no manner of doubt" that the SBI is required to disclose complete details of the bonds. It directed the SBI chairman to file an affidavit before it by 5 pm on March 21 indicating that the bank has disclosed all the details. During the hearing, the bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, observed that the SBI can't be selective and has to disclose all "conceivable" electoral bond details in its possession, including unique bond numbers that would disclose the link between the buyer and the recipient political party. The bench said the apex court had, in its verdict in the electoral bonds cas
Stepping up its attack on the Centre over the electoral bonds issue, the Congress on Monday accused the Modi government of "hafta vasuli" (extortion) and claimed that a total of 21 firms which have faced investigations from the CBI, ED, or IT, have donated through electoral bonds. Congress general secretary Jairam Ramesh said that with each passing day, more examples emerge on the true depths of the "electoral bond scam". "Today, we zoom in on the 'Pradhan Mantri Hafta Vasuli Yojana', the second of the four channels of corruption in the Electoral Bond Scam: 1.Chanda Do, Dhandha Lo 2.Hafta Vasuli," Ramesh said in a post on X. On November 10, 2022, the Enforcement Directorate (ED) arrested P Sarath Chandra Reddy, the director of Aurobindo Pharma, in connection with its money laundering case pertaining to alleged irregularities in the Delhi government's liquor policy and five days later, on November 15, Aurobindo Pharma donated electoral bonds worth Rs 5 crore, he claimed. "Navayuga .
Without establishing quid pro quo and given their own handicaps, it is unlikely the Opposition parties can present an effective narrative about 'corruption' involving electoral bonds to the voters
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The latest dataset released by the EC included scanned copies of the disclosures made by the political parties, running into hundreds of pages