Key Points
It emphasized the connection between economic inequality and political inequality, the importance of transparency and the right to information, and the concerns regarding asymmetric access to information.Agencies..
Setting aside the January 2018 electoral bond scheme, the Supreme Court on Thursday flagged a lacuna in the current legal regime, which "does not distinguish between campaign funding and electoral funding"...
The judgment authored by Chief Justice of India DY Chandrachud said "the money which is donated to political parties is not used by the political party only for the purposes of electoral campaign..
Significantly, both the judgments - one authored by the CJI and other by justice Sanjiv Khanna - junked the claim of the Centre that the amendments made to various acts to usher in the electoral bond scheme dealt with economic policy and thus the scope of judicial review is limited in matters of economic policy...
To buttress its finding, the CJI referred to a correspondence between the finance ministry and RBI "on the apprehensions of the bond being used as an alternative currency that the bonds were introduced only to curb black money in the electoral process and protect informational privacy of financial contributors to political parties"...
