Key Points
Hours after the Supreme Court annulled the much talked about electoral bonds scheme saying it violates the Constitutional right to freedom of speech, expression and the right to information, Congress leader Rahul Gandhi said the bonds were a medium introduced by the BJP for taking bribe and commission...
Ramesh said: The Supreme Court has held the much-touted Electoral Bonds scheme of the Modi Sarkar as violative of both laws passed by Parliament as well as the Constitution of India..
Electoral Bonds are like bearer bonds, which could be purchased by any individual, company, firm or association of persons for the purpose of contribution of funds to political parties of their choice..
In 2019, the then Union Finance Minister Arun Jaitley had defended the electoral bond scheme and said that scheme is aimed at checking the use of black money for funding elections, as was sought to be achieved through electoral trusts proposed during the UPA-II regime...
Jaitley had said both the electoral trusts, proposed by the then finance minister Pranab Mukherjee in 2010, and electoral bonds assured total white money and improved transparency but masked the identity of the link between the donor and the party...
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