Electoral bonds can now redeem themselves and Supreme Court. Anonymity cloak set to come off

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Key Points

The Supreme Courts recent judgment on electoral bonds goes beyond simply declaring the scheme unconstitutional..

The court addressed concerns about transparency in political funding and emphasised citizens right to informationwhich activists argue has been eroded over time through successive amendments...

The Supreme Court has directed the State Bank of India to submit details of electoral bonds purchased since April 2019 to the Election Commission of India, which in turn must publish this information on its website by 13 March 2024...

In April 2019, a month before the general election, the Supreme Court bench headed by then-CJI Ranjan Gogoi refused to grant an interim stay on the operation of the electoral bonds..

Since then, the electoral bonds have had an interesting character arcchallenged right away in the Supreme Court through multiple petitions, which were looked into two years later in 2019, only for the bench to refuse an interim stay..

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