A deep dive into the role of money in elections

Understanding Electoral Bonds in India

Introduced in 2017, electoral bonds in India are interest-free bearer bonds facilitating transparent, accountable political donations to parties or candidates.

What are Electoral Bonds?

State Bank of India issues electoral bonds in varying values, which can be donated to eligible individuals or political parties and encashed through verified accounts.

How do Electoral Bonds Work?

What sets electoral bonds apart is their anonymity. The name and information of the donor are not entered on the bond, making the donation anonymous.

Anonymity of Electoral Bonds

As of 2022, 9,188 crore rupees have been donated through electoral bonds. Seven national parties and 24 regional parties have received this money.

Impact of Electoral Bonds

Critics argue that the anonymity of donations makes the funding scheme opaque. They believe that if the government wants to bring transparency, it should reveal donor details.

The Debate Over Electoral Bonds

India's top court is considering petitions challenging electoral bond validity. Petitioners argue for public donor details and allege constitution violation.

The Case in the Supreme Court of India

India's 5-member Supreme Court bench heard arguments on electoral bonds, reserved verdict. Debate continues.

The Verdict