The government has no plans to introduce a law for electoral bonds in political funding, nor is there a proposal to fund political parties through the Election Commission. The Law Minister confirmed this and stated that there are no ongoing considerations for implementing a political party funding system via the Election Commission. Despite the Supreme Court annulling the electoral bonds scheme, the government is not currently planning legislative action or alternative funding mechanisms through the Election Commission.
A recent Supreme Court petition calls for the confiscation of political party funds obtained through the electoral bonds scheme, which was invalidated in February. The petitioner demands an investigation into alleged benefits given to donors and the reopening of tax assessments. This points to the ongoing concern over the use of funds collected under the now-defunct scheme.
