Page 7 - Electoral Bond

EC uploads electoral bond data in accordance with SC order: See full list

Torrent Power, Bharti Airtel, DLF Commercial Developers, Vedanta Ltd. among donors to parties using electoral bonds

Have shared electoral bonds details with ECI: SBI tells Supreme Court

'22,217 electoral bonds purchased, 22,030 redeemed between April 1, 2019, and February 15, 2024'

EC will disclose details on electoral bonds in time, says CEC Rajiv Kumar

The Election Commission has received details from the State Bank of India (SBI) related to the electoral bonds and will share all relevant information in time, Chief Election Commissioner Rajiv Kumar said here on Wednesday. The assertion comes in the wake of the Supreme Court directing the SBI to submit the details of the electoral bonds purchased since April 12, 2019 to the EC. SBI is the authorised financial institution to issue the electoral bonds. "The SBI was supposed to submit the data by March 12. They have given to us the details in time. I will go back and look at the data (and) would definitely disclose it in time," Kumar told reporters here. Kumar reached here on Wednesday to review preparations for the upcoming Lok Sabha elections in the Union Territory of Jammu and Kashmir. "We are ready for the 2024 Lok Sabha election. We will ensure free and fair elections across the country. We request voters across the country including Jammu and Kashmir to enthusiastically take p

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Electoral bonds case: SBI submits compliance affidavit in Supreme Court

The State Bank of India divulged details about the purchase and redeeming of electoral bonds between April 1, 2019 to February 15, 2024

Day after Supreme Court rap, SBI submits electoral bond details to EC

State Bank of India (SBI) on Tuesday evening submitted details of electoral bonds to the Election Commission of India in compliance with the Supreme Court order. The Supreme Court on Monday ordered SBI to disclose the details of electoral bonds to the Election Commission by close of business hours on March 12. As per the order, the Election Commission will have to publish the details shared by the bank on its official website by 5 pm on March 15. According to sources, SBI has complied with the orders of the apex court and submitted the details of the electoral bonds to the Election Commission. The SBI has issued Electoral Bonds worth Rs 16,518 crore in 30 tranches since the inception of the scheme in 2018. The Supreme Court, however, in a landmark verdict on February 15 scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the EC of donors, the amount donated by them and recipients. SBI had s

SC rejects SBI plea, bank to give electoral bond details to ECI on Mar 12

Directs ECI to publish details shared by bank on website on March 15

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Timely response

SC rightly denies SBI an extension on electoral bonds

SC quashes plea, orders SBI to disclose electoral bond details by Tuesday

SBI was asked to disclose details of electoral bonds encashed by political parties by the Supreme Court from April 2019, by March 13. The bank sought an extension till June 30

SC's responsibility to protect its dignity: Sibal on electoral bonds issue

'The government in power does not want the names to be declared before the election is over. It is as simple as that,' Sibal said

Electoral bonds: SC to hear SBI's plea to disclose details on Monday

The Supreme Court will on Monday hear the application filed by the State Bank of India (SBI) seeking extension till June 30 to disclose details of each electoral bond encashed by political parties before the scheme was scrapped last month. A five-judge Constitution bench headed by Chief Justice DY Chandrachud will also hear a separate plea, which has sought initiation of contempt action against the SBI alleging, it "wilfully and deliberately" disobeyed the apex court's direction to submit details of the contributions made to political parties through electoral bonds to the Election Commission by March 6. The apex court bench, also comprising justices Sanjiv Khanna, B R Gavai, J B Pardiwala, and Manoj Misra, will assemble at 10.30 am to hear the two petitions. In a landmark verdict delivered on February 15, a five-judge constitution bench scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it "unconstitutional" and ordered disclosure by the

SC to hear SBI plea seeking more time for Electoral Bond details on Mar 11

The Association for Democratic Reforms (ADR) has filed a contempt petition in the Supreme Court against the State Bank of India for not complying with the top court's direction

Electoral bonds case: Supreme Court to hear contempt plea on March 11

Advocate Prashant Bhushan, appearing for ADR, urged the bench headed by Chief Justice of India DY Chandrachud to hear the plea on 11 March along with SBI's application

Electoral bonds: Petition seeks action against SBI for disobeying SC order

A petition has been filed in the Supreme Court seeking contempt action against the State Bank of India (SBI) alleging it "wilfully and deliberately" disobeyed the apex court's direction to submit details of contributions made to political parties through electoral bonds to the Election Commission by March 6. The plea, filed by two NGOs, claimed SBI's application seeking extension of time till June 30 to disclose the details of electoral bonds encashed by political parties has been deliberately filed at the last moment to ensure that details of donor and the amount of donations are not disclosed to the public before the upcoming Lok Sabha elections. A bench headed by Chief Justice D Y Chandrachud on Thursday took note of the submissions by advocate Prashant Bhushan, who appeared on behalf of NGOs Association for Democratic Reforms and Common Cause, that he wanted initiation of contempt proceedings against the SBI. Bhushan said the SBI's application is likely to be listed on March 11

Nation seeks, Modi hides, says Congress over electoral bonds issue

The Congress hit out at the Centre on Thursday over the State Bank of India (SBI) seeking more time from the Supreme Court to disclose details of electoral bonds and claimed that Prime Minister Narendra Modi is "absolutely terrified" of revealing his corporate donors to people. The SBI moved the Supreme Court on Monday, seeking an extension till June 30 to disclose the details of each electoral bond encashed by political parties. In its verdict last month, the top court directed the bank to furnish the details to the Election Commission (EC) by March 6. Congress general secretary in-charge communications Jairam Ramesh hit out at the government, saying, "Hide and seek in New India: Nation seeks, Modi hides!" "The Pradhan Mantri Chanda Chipao Yojana, implemented by the SBI, is built on lies," he said on X. The Supreme Court had asked the SBI to provide the details of the electoral bond donors and recipients within three weeks, the former Union minister noted. The SBI has asked the

SBI should follow SC deadline on electoral bond: Bank employees' union

The State Bank of India should adhere to the deadline set by the Supreme Court to disclose to the Election Commission the names of contributors to electoral bond scheme, a bank employees' trade union demanded on Wednesday. The SBI on Monday had moved the top court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by political parties. In its verdict last month, the court had directed the bank to furnish the details to the poll panel by March 6. In a statement issued in Kolkata, the Bank Employees Federation of India (BEFI) also alleged that public sector banks and its personnel are being utilised for "narrow political interest of the ruling forces" and said it opposes this. The BEFI is a union consisting of employees of commercial banks, the Reserve Bank of India, NABARD, regional rural banks and co-operative banks. Calling the Supreme Court's verdict on electoral bonds a "landmark" judgment, the union said, "The country observed that SBI

EC yet to receive details from SBI on electoral bond encashed by parties

The State Bank of India has not shared details of the electoral bonds encashed by political parties till Wednesday, the deadline set by the Supreme Court. The State Bank of India (SBI) had on Monday moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by the political parties. The SBI's plea has not been listed for hearing by the apex court so far. Sources said that no details have been shared with the poll panel. Last month, a five-judge constitution bench headed by Chief Justice D Y Chandrachud had struck down electoral bonds scheme and directed the SBI to disclose details of each electoral bond encashed by the political parties. The information should include the date of encashment and the denomination of the bonds and be submitted to the poll panel by March 6. In its application before the apex court, the SBI had contended that retrieval of information from "each silo" and the procedure of matching the informati

Congress slams Modi govt's desperation as SBI moves SC on electoral bonds

The Congress on Tuesday attacked the Centre over the State Bank of India moving the Supreme Court to seek more time to disclose electoral bond details, alleging that the Modi government is using the largest bank of the country as a shield to hide its "dubious dealings". The State Bank of India (SBI) on Monday moved the Supreme Court seeking an extension till June 30 to disclose details of each electoral bond encashed by political parties. In its verdict last month, the top court directed the SBI to furnish the details to the poll panel by March 6. Congress president Mallikarjun Kharge said the Congress' position on the electoral bonds scheme is that it is "opaque, undemocratic and destroyed the level playing field". "Modi government is using the largest bank of our country as a shield to hide its dubious dealings through Electoral Bonds," he said. No less than the Supreme Court of India had struck down Modi government's "black money conversion scheme" of Electoral Bonds, holding it

SBI seeks time until June 30 to share electoral bonds information

SBI noted that due to the strict measures taken to ensure the anonymity of the donors, "decoding" the electoral bonds and matching the donors to the donations made would be a complex process