On electoral bonds, PM Modi Today (April 15th) said: “Due to electoral bonds you are getting the trail of the money. Which company gave it? How did they give it? Where did they give it? And that is why I say when they will think honestly, everyone will regret it (on the Supreme Court decision to scrap electoral bonds)”
The State Bank of India-SBI Today fully disclosed electoral bond details to the Election Commission, including unique alphanumeric numbers, following a Supreme Court order. All aspects of the bonds, except for complete account numbers and KYC, have been revealed. This complies with the court’s directive to ensure transparency in the electoral bond scheme.
The Supreme Court rebuked SBI for selective disclosure in the electoral bonds scheme and mandated a comprehensive revelation, including unique bond numbers, by March 21. It emphasized the importance of transparency and reprimanded SBI for incomplete information. The directive underscores the court’s commitment to ensuring accountability and transparency in political party financing.
The Supreme Court today rejected industry bodies’ pleas to delay disclosure of electoral bond numbers, emphasizing the importance of transparency in linking donors to political parties. The State Bank of India was instructed to submit all bond details by March 21, with the Chief Justice urging impartial and timely disclosure to prevent controversy.
The Supreme Court today dismissed the government’s concerns about misuse of the Electoral Bonds scheme and emphasized the need for transparency. Solicitor General Mehta expressed concerns about distortions in statistics and social media misuse, but the Court focused on upholding the rule of law. The Court instructed the State Bank of India to disclose all pertinent information, including alphanumeric codes associated with the bonds.
The Supreme Court today ordered SBI to disclose all conceivable details about electoral bonds, including unique bond numbers linking buyers and beneficiary political parties. This decision, led by Chief Justice D Y Chandrachud, emphasizes transparency and accountability in the electoral bond scheme, reinforcing the court’s commitment to ensuring financial transparency in political financing.
The Election Commission of India (ECI) has filed an application seeking modification of an order passed by the Hon’ble Supreme Court on 11.03.2024. The ECI, through its plea, aims to clarify certain aspects of the order related to the retention of documents submitted in a sealed manner to the Court. Also Read-Election Commission Discloses Electoral […]
Today(on 11th March), The Supreme Court of India has decisively demanded that the State Bank of India disclose details of electoral bonds, emphasizing transparency in political funding. The court’s refusal to grant an extension to the SBI reflects a strong commitment to accountability. The SBI faces possible contempt proceedings if it fails to comply by the March 12 deadline.
The Communist Party of India (Marxist) has also submitted a contempt petition against the State Bank of India for failing to disclose information on Electoral Bonds. The Supreme Court is scheduled to review this case tomorrow, alongside the contempt petitions from ADR & Common Cause, as well as the SBI’s request for an extension of […]
Former Finance Secretary Subhash Chandra Garg highlighted that while the State Bank of India (SBI) had access to details such as who bought electoral bonds and when, matching each bond with its recipient party was deemed impossible. He criticized SBI’s request to the Supreme Court for more time to provide data as a “cooked up […]
