Tag: electoral bonds

Of Rs 5,851 cr electoral bonds, 80 pc redeemed in Delhi: RTI

Chandrashekhar Goud, an RTI activist based in Madhya Pradesh's Neemuch, Sunday shared the information furnished by the State Bank of India (SBI) in response to his two queries.

July 21, 2019

Electoral bonds worth over Rs 5,800 cr bought in over 14 months

The bonds are valued at Rs 1000, Rs 10,000, Rs one lakh, Rs 10 lakh and Rs one crore.

June 16, 2019

Bonded to corruption

If at all the electoral bond route is to be allowed, first of all, they should not be sold as a bearer instrument.

May 9, 2019

SC directs political parties to submit receipts of electoral bonds, donors’ details to EC

The Centre and the Election Commission had taken contrary stands in the Supreme Court on Wednesday over political funding.

April 12, 2019

Darker shade of grey

Not even the Americans spent as much on their 2016 presidential and Congressional races of $6.5 billion to go by the numbers from OpenSecrets.org, the ‘money in American politics’ tracker.

March 23, 2019

Sale of first batch of electoral bonds from Mar 1-10: Finance Ministry

The sale of the first batch of electoral bonds will take place from March 1-10 at designated branches of State Bank of India, the finance ministry said on Thursday. The government had notified the Electoral Bond Scheme on January 2 this year. As per provisions of the scheme, a person, who is a citizen of …

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February 22, 2018

‘Electoral bonds means to legalise political corruption’

Attacking the government move to have electoral bonds, the CPI-M on Saturday said this was another way of legalising political corruption and a resort for trade-offs between political parties and corporates. The party has already challenged electoral bonds in the Supreme Court. “CPI-M has always believed that first step to ending political corruption is to …

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February 4, 2018

SC seeks govt’s reply on CPI-M’s plea against electoral bonds

The Supreme Court on Friday sought the Centre’s response on a plea by the CPI(M) and its general secretary Sitaram Yechury challenging the government’s decision on issuing electoral bonds. A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud issued notice on the plea and said it will be …

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February 2, 2018

Scheme of electoral bonds is no reform, says JD-U leader

Dismissing the electoral bonds scheme as “no reform”, Janata Dal-United (JD-U) leader Pavan Varma on Friday advocated “digital tracking” of political financing and said that a panel of auditors should go through the accounts of parties. The central government recently notified a scheme of electoral bonds in a bid to clean the system and bring …

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January 27, 2018

Electoral bonds regressive’

Hitting out at the BJP-led government for its “regressive policies”, CPI-M General Secretary Sitaram Yechury on Tuesday said what the country needed was policies and not leaders. He said alternative policies would be the basis of Opposition unity and hope for other secular parties. Talking to the media at a “Meet the Press”under the aegis …

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January 10, 2018

Introduction of electoral bonds regressive, says Sitaram Yechury

Hitting out at the BJP-led government for its “regressive policies”, CPI-M General Secretary Sitaram Yechury on Tuesday said what the country needed was policies and not leaders. He said alternative policies would be the basis of Opposition unity and hope for other secular parties. Talking to the media at a “Meet the Press” under the …

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January 9, 2018

Govt open to proposals to further cleanse political funding: Arun Jaitley

The electoral bonds mechanism is a substantial improvement in transparency over the present system and the government is open to suggestions to further cleanse political funding, Finance Minister Arun Jaitley said on Sunday. In a Facebook post, Jaitley said the conventional practice of funding the political system was to take donations as well as undertake …

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January 8, 2018

Most parties trying to obstruct ‘transparent’ electoral bonds: Arun Jaitley

Finance Minister Arun Jaitley on Sunday said that most political parties are “fairly satisfied” with the present system of political funding and would not like to move on to a transparent system such as electoral bonds. “India has not been able to evolve a transparent political funding system…Most political groups seem fairly satisfied with the …

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January 7, 2018

Electoral bonds will curb graft in political funding: Amit Shah

BJP President Amit Shah on Tuesday said the government’s move to notify a scheme of electoral bonds would pave the way to clean the system, curb black money and bring transparency in political funding in the country. The scheme will help keep check on corruption in the name of political funding, Shah said in a …

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January 3, 2018

RBI, EC have no info on bonds for political parties funding

The Reserve Bank of India and the Election Commission have no information on electoral bonds, which were announced about nine months back for the funding of political parties, according to an RTI reply. “We have no information to furnish,” the central bank said in its reply to the RTI query. The RBI was asked details …

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November 24, 2017

Electoral bonds cannot become parallel currency: Jaitley

Union Finance Minister Arun Jaitley on Wednesday said the proposed electoral bonds will be open a few days ahead of elections and these will be redeemable within two to three weeks. He added that the bonds announced in Union Budget 2017-18 to promote legitimate funding of political parties cannot become a parallel currency and thus …

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March 8, 2017

Trinamool Congress demands state-funding of elections

Trinamool Congress in Rajya Sabha on Wednesday demanded state funding of elections to end black money and corporate funding in the political system. Raising the issue through a Zero Hour mention, Dola Sen (TMC) said her party has during its 18 years of existence stood for electoral reforms and state funding of elections. The government, she …

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February 8, 2017