On sunday (17th March): The Election Commission of India disclosed details about electoral bonds, revealing significant financial flows to political parties. The data lacks donor identities, maintaining anonymity in political funding. The Supreme Court’s recent ruling challenges the secrecy of the scheme and advocates for more transparency in political party funding, sparking discussions about regulation.
The State Bank of India revealed acquiring 22,217 electoral bonds of varying denominations from April 2019 to February 2024. Lawyer Kapil Sibal raised concerns over transparency, criticizing political promises. The debate intensified as data showed significant contributors to political parties. The controversy fuels demands for judicial intervention and thorough investigation into political funding transparency.
Today (15th March): The Supreme Court reviewed the Election Commission’s free symbol allocation policy today following a plea by Naam Tamilar Katchi (NTK), an unrecognized Tamil Nadu-based political party. NTK challenged the fairness of the first-come, first-served allocation process. The court will examine Paragraph 10B(B) of the Election Symbols Order post-holi vacation to ensure transparency in symbol allocation.
Rajya Sabha MP Kapil Sibal has called for a Special Investigation Team (SIT) to examine electoral bonds. He criticized the lack of action by investigative agencies and highlighted the need for impartial scrutiny. The disclosed data reveals diverse contributors to political parties, emphasizing the importance of transparency and accountability in political funding mechanisms.
The Supreme Court Today issued notice to the State Bank of India for not disclosing electoral bond numbers, aligning with a directive to enhance transparency in political financing. The released data reveals significant contributions from companies and individuals to major political parties, highlighting the widespread use of electoral bonds. This move aims to promote transparency and informed discussions in Indian politics.
Election Commission of India (ECI) on Thursday has made public the data pertaining to electoral bonds, as submitted by the State Bank of India (SBI). The Election Commission of India (ECI) on Thursday (March 14) has made public the data pertaining to electoral bonds, as submitted by the State Bank of India (SBI). This action […]
On Today(14th March), The Supreme Court summoned the NCP faction led by Ajit Pawar to address allegations of unauthorized use of Sharad Pawar’s name and imagery for political gain. The court mandated a response by Saturday, emphasizing the need for an unconditional undertaking to refrain from such use. This underscores the legal and ethical considerations in political branding.
The State Bank of India (SBI) on Tuesday (February12) submitted the Electoral Bonds data to the Election Commission of India (ECI), in adherence to a strict directive from the Supreme Court issued the previous day. The President of the Supreme Court Bar Association has requested the President, Droupadi Murmu, requesting that the judgment of the […]
The immediate market reaction to the Supreme Court’s decision was negative, as reflected in the drop in SBI’s share price. Supreme Court on Monday dismissed the State Bank of India’s (SBI) plea for an extension to disclose details related to the Electoral Bonds Scheme. The Supreme Court on Monday (February 11) dismissed the State Bank […]
Today (on 7th March): The Supreme Court of India has summoned original records from the Speaker’s Office and scheduled a hearing for the Shiv Sena party dispute, known as “Sena vs. Sena,” for April 8. The dispute involves the disqualification of several MLAs, including Chief Minister Eknath Shinde, from the Maharashtra Legislative Assembly. This follows a split in the party in June 2022.