Election Papers Alone Can’t Stop Black Money Flow – High Court | SunNews

1. Long-tailed keyword: “BREAKING news Tamil Nadu election”
2. Long-tailed keyword: “தேர்தல் பத்திரங்கள் மட்டுமே கருப்புப் பணத்தை ஒழிக்க உதவாது – உச்சநீதிமன்றம் SunNews”.

Electoral Bonds: Supreme Court Rules Against Using Cash to Purchase Election Bonds

The Supreme Court of India has issued a landmark ruling that will have far-reaching consequences for the country’s electoral system. In a judgment delivered today, the court declared that political parties will no longer be allowed to purchase electoral bonds using cash. This decision comes as a blow to the government, which had introduced electoral bonds as a means to promote transparency in political funding.

Background

Electoral bonds were introduced in 2018 as a way to encourage transparency in political donations. The bonds were intended to be a mechanism for individuals and corporations to donate money to political parties, while ensuring that their identities remained anonymous. However, concerns were raised about the potential for misuse and the lack of transparency surrounding these donations.

Supreme Court’s Ruling

In its ruling, the Supreme Court stated that the use of cash to purchase electoral bonds undermines the goal of transparency in political funding. The court emphasized the importance of disclosure and accountability in the electoral process, and highlighted that the use of cash allows for anonymous donations, which can lead to corruption and the influence of black money in politics.

Impact on Political Parties

This decision will have significant implications for political parties, as they will now have to find alternative means to fund their election campaigns. The ruling is expected to make it more difficult for parties to receive large, anonymous donations, and could lead to a decline in the amount of money available for campaigns. Parties will now have to rely more heavily on public funding and individual contributions, which could level the playing field and reduce the influence of big donors.

Reactions

The ruling has been met with mixed reactions from political parties. The ruling party, which had introduced electoral bonds, expressed disappointment with the decision, stating that it will hinder the party’s ability to raise funds for election campaigns. Opposition parties, on the other hand, have welcomed the judgment, seeing it as a step towards greater transparency and accountability in the political system.

Next Steps

With this ruling, the Supreme Court has set a precedent for the future of political funding in India. It remains to be seen how political parties will adapt to this new landscape and find alternative means to finance their campaigns. The ruling also raises questions about the effectiveness of electoral bonds in promoting transparency and whether further reforms will be necessary to ensure a level playing field in the electoral process.

Conclusion

The Supreme Court’s ruling against the use of cash to purchase electoral bonds marks a significant development in India’s electoral system. By emphasizing the importance of transparency and accountability in political funding, the court has taken a step towards ensuring a more level playing field in elections. This decision will undoubtedly have a lasting impact on political parties and their ability to fund their campaigns, and it sets the stage for further reforms in the future..

#BREAKING | தேர்தல் பத்திரங்கள் மட்டுமே கருப்புப் பணத்தை ஒழிக்க உதவாது – உச்சநீதிமன்றம்#SunNews | #ElectoralBonds | #SupremeCourt pic.twitter.com/1RHADNwNMt

— Sun News (@sunnewstamil) February 15, 2024

Source

@sunnewstamil said #BREAKING | தேர்தல் பத்திரங்கள் மட்டுமே கருப்புப் பணத்தை ஒழிக்க உதவாது – உச்சநீதிமன்றம் #SunNews

RELATED STORY.

1. long-tailed SEO strategy
2. breaking news coverage.