Electoral Bond Data Reveals Political Donations: SC Orders Disclosure

The Supreme Court has ordered the disclosure of electoral bond data to shed light on significant financial contributions made to political parties

Electoral Bonds, introduced in 2018, have faced scrutiny due to concerns about anonymity and potential misuse

In February 2024, the Supreme Court declared Electoral Bonds and related laws unconstitutional

The State Bank of India (SBI) has been mandated to disclose comprehensive details about these bonds, including unique alphanumeric identifiers for each bond

Major corporations and conglomerates, including Future Gaming and Hotel Services and Vedanta Ltd, have made significant contributions to political parties

The disclosed data highlights the influence of corporate interests in shaping political landscapes

Ten regional parties have voluntarily disclosed the names of contributors who donated via electoral bonds between March 2018 and April 2019

The Bharatiya Janata Party (BJP) emerges as the primary beneficiary, receiving a staggering Rs 6,9865 crore through electoral bonds.

The financial impact of electoral bonds shapes the electoral strategies and campaign efforts of political parties

The disclosure of electoral bond data and the Supreme Court's order for full disclosure signify a commitment to transparency and accountability in political financing