Supreme Court Declares ‘Electoral Bond Scheme’ Unconstitutional, Orders Political Parties to Refund Bonds

– Big blow to Modi government before Election
– SC holds ‘electoral bond scheme’ unconstitutional.

Big Blow to Modi Government as Supreme Court Holds Electoral Bond Scheme Unconstitutional

In a significant blow to the Modi government just before the upcoming elections, the Supreme Court of India has declared the controversial ‘electoral bond scheme’ as unconstitutional. This ruling by the apex court has sent shockwaves through the political landscape of the country.

Electoral Bonds to be Refunded to Individuals and Companies

Along with declaring the electoral bond scheme unconstitutional, the Supreme Court has also ordered political parties to refund the electoral bonds to the respective individuals and companies. This decision will have far-reaching implications for the political parties and their funding sources.

Background on the Electoral Bond Scheme

The electoral bond scheme was introduced by the government in 2018 with the aim of bringing transparency to political funding. Under this scheme, any individual or company could purchase electoral bonds from authorized banks and donate them to political parties. The identity of the donor would remain anonymous, and the political party would receive the funds without any disclosure.

Supreme Court’s Decision and Reasoning

The Supreme Court, in its ruling, held that the electoral bond scheme violates the principles of transparency and accountability in political funding. The court noted that the scheme allows for anonymous and unlimited donations to political parties, which undermines the integrity of the electoral process.

The apex court further emphasized that political funding should be transparent to ensure a level playing field for all political parties. The court stated that the electoral bond scheme fails to achieve this goal and allows for potential misuse of funds.

Impact on Political Parties and Election Campaigns

The Supreme Court’s decision to declare the electoral bond scheme unconstitutional and order the refund of the bonds will have a significant impact on political parties and their election campaigns. The ruling will force political parties to disclose their sources of funding, which could potentially expose any illicit or undisclosed contributions.

This decision comes at a crucial time, just before the elections, and has the potential to reshape the dynamics of electoral funding in the country. Political parties will now have to find alternative ways to finance their campaigns, and the ruling may lead to increased scrutiny and accountability in political funding.

Public Reaction and Future Implications

The Supreme Court’s ruling has garnered mixed reactions from the public and political commentators. Supporters of the decision argue that it will bring much-needed transparency to political funding and prevent the misuse of funds for electoral gains. However, critics argue that the ruling may hamper the ability of political parties to raise funds and could lead to a concentration of power in the hands of a few wealthy individuals or entities.

The long-term implications of this ruling are yet to be seen. It remains to be seen how political parties will adapt to the new regulations and whether this decision will indeed bring about the intended transparency in political funding.

In conclusion, the Supreme Court’s decision to declare the electoral bond scheme unconstitutional comes as a significant blow to the Modi government and has the potential to reshape the landscape of political funding in India. The ruling highlights the importance of transparency and accountability in the electoral process and will have far-reaching implications for political parties and their election campaigns..

#BREAKING

Big blow to Modi govt before Election .

SC holds ‘electoral bond scheme’ unconstitutional !

SC also orders political parties to refund the electoral bonds to the respective individuals and companies#SupremeCourt#ElectoralBonds pic.twitter.com/ng8d60y3su

— Surbhi (@SurrbhiM) February 15, 2024

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@SurrbhiM said #BREAKING Big blow to Modi govt before Election . SC holds ‘electoral bond scheme’ unconstitutional ! SC also orders political parties to refund the electoral bonds to the respective individuals and companies #SupremeCourt #ElectoralBonds

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