Electoral Bonds Scheme Declared Unconstitutional by Supreme Court

1. Long-tailed: Breaking Electoral Bonds Scheme struck down as unconstitutional
2. Long-tailed: Electoral Bonds Case, Supreme Court verdict declares scheme unconstitutional.

Breaking News: Electoral Bonds Scheme Declared Unconstitutional by Supreme Court

In a landmark ruling today, the Supreme Court of India has struck down the controversial Electoral Bonds Scheme, declaring it unconstitutional. This decision comes as a blow to the government, which introduced the scheme in 2018 with the aim of ensuring transparency in political funding.

The Electoral Bonds Case: Unveiling the Unconstitutionality

The Electoral Bonds Case has been closely watched by both politicians and citizens alike. The scheme, which allowed individuals and corporates to make anonymous donations to political parties, has faced criticism for its potential to facilitate money laundering and corruption.

Supreme Court Strikes Down the Scheme

In a unanimous judgment, the Supreme Court declared that the Electoral Bonds Scheme is in violation of the principles of transparency and accountability. The court emphasized the importance of maintaining the integrity of the electoral process and ensuring that citizens have access to information about political funding.

The Impact on Political Funding

This ruling is expected to have far-reaching implications for political funding in India. The Electoral Bonds Scheme was introduced by the government as an alternative to cash donations, with the aim of curbing black money in elections. However, critics argued that the scheme only served to further conceal the source of political funding.

Public Reaction and Political Fallout

The decision has been met with mixed reactions from political parties and the public. Supporters of the ruling argue that it will promote transparency and accountability in the political system, while opponents claim that it will hinder the flow of funds to parties and impede their ability to campaign effectively.

The Way Forward: Reforming Political Funding

With the Electoral Bonds Scheme now declared unconstitutional, there is a pressing need to reform the system of political funding in India. Many experts and activists have called for greater transparency, stricter regulations, and increased disclosure requirements for political donations.

Looking Ahead

As the dust settles on this landmark judgment, the government and political parties will need to reassess their strategies for funding election campaigns. The ruling opens up the possibility for new legislation or alternative methods of political financing that are in line with the principles of transparency and accountability.

Conclusion

The Supreme Court’s decision to strike down the Electoral Bonds Scheme as unconstitutional marks a significant moment in India’s democracy. It highlights the importance of transparency and accountability in political funding and sets the stage for a much-needed reform of the system. As the nation progresses, it remains to be seen how political parties and the government will adapt to this new reality and work towards a more transparent and inclusive electoral process..

#Breaking | Electoral Bonds Scheme is struck down as unconstitutional #ElectoralBondsCase #SupremeCourt pic.twitter.com/uImPJlsNXy

— CNBC-TV18 (@CNBCTV18Live) February 15, 2024

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@CNBCTV18Live said #Breaking | Electoral Bonds Scheme is struck down as unconstitutional #ElectoralBondsCase #SupremeCourt

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