The Supreme Court unanimously struck down the electoral bond scheme, citing violations of Article 19 of the Constitution due to undisclosed political funding. Ex-ASG Vikas Singh emphasized the need to fix the scheme’s flaws highlighted by the court before any revival attempts. The State Bank of India has been instructed to cease issuance and provide information to the Election Commission.
The Supreme Court of India declared Electoral Bonds unconstitutional, garnering praise from the Congress party. The ruling emphasizes prioritizing votes over financial influence, aligning with the party’s commitment to transparency and democratic integrity. This pivotal decision highlights the importance of upholding democratic principles and transparency in political financing.
The Supreme Court declared the Electoral Bonds scheme unconstitutional, annulling the amendments to the Income Tax and Representation of People Act. The scheme’s anonymity violated rights to information and expression. The State Bank of India was instructed to stop issuing electoral bonds, and transparency on donations and recipients was mandated. The decision addressed the unequal impact of corporate and individual contributions.
