SBI requests SC to extend deadline for sharing electoral bond data till June 30

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State-run lender State Bank of India has filed an application in the Supreme Court seeking an extension of time till June 30 from March 6 to furnish information regarding Electoral Bonds to the Election Commission...

While delivering the judgement, SC had asked SBI to disclose the details of donations through electoral bonds and names of political parties which received the contributions to the Election Commission by March 6. Further, SC asked the poll panel to publish these details on the website by March 13, 2024...

In an application filed before the top court, SBI contended that retrieval of information from "each silo" and the procedure of matching the information of one silo to that of the other would be a time-consuming exercise...

SBI's plea claims that due to stringent measures undertaken to ensure that the identity of the donors was kept anonymous, "decoding' the electoral bonds and matching donors to the donations made would be a complex process..

A landmark judgement by the Supreme Court on February 15 annulled the electoral bonds scheme for political funding, saying it violates the Constitutional right to freedom of speech and expression as well as the right to information...

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