Electoral reforms activists, former chief election commissioners, and constitutional experts have slammed this move for obfuscating transparency rather than enhancing it. It would make political funding, especially by corporations, opaquer as neither the donors nor the parties have to reveal who donated what to which party. That itself violates the constitutional principle of free and fair elections.
In the petition filed by Communist Party of India (Marxist) General Secretary Sitaram Yechury before the Supreme Court with regards to the electoral bonds, the BJP-led central government said in an affidavit that the decision to issue electoral bonds would promote transparency in funding and donations received by political parties.
It could be a political eyewash and self-serving interests as the BJP was the biggest beneficiary of the electoral bond scheme launched by the government in 2017-18, bagging 94.5% of the bonds worth a little over Rs. 210 crore.…
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