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18.03 / 02:05
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Electoral bonds: Failed experiment in transparency?
₹12,155 crore between 12 April 2019 and 15 February 2024, really do. What are their business interests? The first company on this list is Future Gaming and Hotels Services Pvt. Ltd.
17.03 / 21:47
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Electoral bonds: DMK lists Future Gaming, Megha Engg as top donors
Future Gaming and Hotel Services donated Rs 509 crore to the DMK through electoral bonds since 2019-20, with Megha Engineering & Infrastructures contributing another Rs 40 crore to Tamil Nadu's ruling party, showed data released by the Election Commission of India on Sunday. The latest information is based on disclosures of donors' names by a few political parties to the poll panel. Most beneficiaries of the electoral bonds scheme, including the BJP, All India Trinamool Congress, Congress, BRS and BJD, did not disclose the names of donors. While Future Gaming was the top buyer of electoral bonds, Megha Engineering was the second biggest, data from the commission revealed earlier.
17.03 / 20:31
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ET Awards: ET honour most sought after, says L&T’s AM Naik
Economic Times Lifetime Achievement Award will be the last,” he said, drawing a cheer from the star-studded audience. At 81, the grand old man of Larsen & Toubro wears his humble beginnings on his sleeve–recalling the inspirational legacy of his grandfather and father, who served the impoverished. “Their values have been passed down through generations,” he said in his acceptance speech. His father, a teacher and principal, donated funds to support a hospital in the family’s village. That was the only time he asked for any financial help, Naik said. “If you can help, help this hospital,” Naik recalled his father’s request.
17.03 / 17:27
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Electoral bonds are dead, but the data lives to tell the tale
₹509 crore to Tamil Nadu’s ruling Dravida Munnetra Kazhagam (DMK) through electoral bonds between October 2020 and April 2023, Election Commission data released on Sunday showed. This makes up 37% of the ₹1,368-crore worth of bonds that his company has bought since April 2019.
17.03 / 17:27
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Free tuition will not solve the problem of pricey education
One morning late last month, the financial futures of hundreds of medical students in the Bronx, New York, changed forever. A gift of $1 billion from Ruth Gottesman, a former professor at Albert Einstein College of Medicine and chair of its board of trustees, will make the school tuition-free in perpetuity. The donation, one of the largest in US higher education history, is an act of generosity that will undoubtedly improve life for Einstein’s students and potentially benefit the surrounding community, one of America’s poorest.
17.03 / 17:07
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Got Rs 10 cr electoral bonds anonymously, encashed it: JD (U) to EC
Election Commission that someone delivered to its office an envelope with electoral bonds worth Rs 10 crore way back in 2019, which it encashed within days but has got no information on the donors. As the Election Commission on Sunday made public hundreds of sealed-cover disclosures submitted to it by various political parties, filings made by Bihar's ruling party showed that it got electoral bonds totalling more than Rs 24 crore. The party also disclosed the names of Bharti Airtel and Shree Cement as its donors for bonds with Rs 1 crore and Rs 2 crore, respectively. In another filing, the JD(U) disclosed donations totalling Rs 24.4 crore through these bonds, many of which were issued from SBI branches in Hyderabad and Kolkata, and a few were issued in Patna.
17.03 / 12:37
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Electoral bonds data 2nd list: BSP says 'didn't receive donations', CPI(M) reiterates 'we were against it'
Electoral bonds data 2nd list: In a fresh set of details around the political donations through electoral bonds, the Election Commission of India on Sunday uploaded the sealed covers received by the Supreme Court's registry carrying party-wise details of electoral bond donations at least till 12 April 2019. The second set of data sheds more light on donations through ‘now-scrapped’ electoral bonds.
17.03 / 11:17
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Electoral bonds data 2nd list shows BJP was highest recipient in 2019-20: THIS is how much it encashed
₹6,986.5 crore donations made to the saffron party, through electoral bonds, ₹2,555 crore was made during the financial year 2019-20, the data shared by the election commission revealed. Sealed cover’ data of electoral bonds for the period March 2018-April 2019 made public by the election commission doesn’t include the names of the donors (barring few parties who disclosed the names voluntarily).
17.03 / 10:55
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Electoral bonds data 2nd list: BJP enchased maximum ₹2,555 crore in 2019-20; Congress redeemed total ₹1,334 crore
Electoral bonds fresh data: The Election Commission of India (ECI) on Sunday published fresh data on the use of electoral bonds to fund political parties in India. The information is making some new revelations like out of the total ₹6,986.5 crore donations made to the Bharatiya Janata Party (BJP) through electoral bonds, ₹2,555 crore was made during the financial year 2019-20, the EC data has revealed.
17.03 / 10:55
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Electoral Bonds data 2nd list LIVE: EC data shows DMK received ₹509 crore from Santiago Martin's Future Gaming
₹1397 crore donations, whereas K Chandrashekar Rao's BRS is the fourth largest recipient after BJP, Trinamool and Congress.Electoral Bonds data 2nd list LIVE: K. Chandrashekar Rao’s BRS has emerged as the fourth largest recipient through electoral bonds.
17.03 / 10:39
17.03 / 04:11
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Electoral bonds: CEC Rajiv Kumar says, ‘In democracy, there is no scope for hiding things’
PTI reported Kumar as saying. Also Read: Electoral Bond Case: Here's what the SC told SBI about unique number In its landmark verdict on February 15, the top court had scrapped the Centre's electoral bonds scheme that allowed anonymous political funding, calling it “unconstitutional" and ordered disclosure by the EC of donors, the amount donated by them and the recipients. Kumar said, “The unaccounted money which is used in the elections...
17.03 / 02:55
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"Are all 1,300 companies that donated through bonds thieves?" Acharya Pramod Krishnam amid Oppn barbs at Centre
Opposition volleys over the publication of date on polling funding through electoral bonds on the official portal of the Election Commission (EC), expelled Congress leader Acharya Pramod Krishnam on Saturday asked if the rival parties were suggesting that all the 1,300 firms that made donations via electoral bonds were 'thieves'. Speaking to on Saturday, Acharya Krishnam, who has been taking regular potshots at the Congress since being expelled for 'anti-party activities', said, «All political parties across the world receive donations. Are they (Opposition) suggesting that the 1,300 companies that made political donations through these electoral bonds, the money from which went into nation-building, are thieves? Are they robbers? The money they have donated is now on record. It is in the public domain. Casting aspersions on the contributions that are on record shows the dirty mindset of the Opposition.» Coming down heavily on Congress leader Rahul Gandhi, who claimed earlier that the BJP was running the «biggest extortion in the world» through the Electoral Bond Scheme, the expelled leader added, «The entire Opposition has started speaking in Rahul-ji's language. This is most unfortunate.»
16.03 / 20:36
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Lok Sabha Elections 2024: Suspicious bank transactions, digital payments under scanner to curb freebies
Follow Lok Sabha Election 2024 dates LIVE updates here Rajiv Kumar was speaking at a press conference held on Saturday to announce the schedule of the Lok Sabha Elections 2024. He said, "NPCI (National Payments Corporation of India) will look at if there are more demands in the payments through wallets.
16.03 / 10:07
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Megha Engineering, the company that spent over ₹1,200 crore on electoral bonds, began life as a small pipe-maker in Hyderabad
electoral bonds was Megha Engineering & Infrastructures Limited (MEIL), which spent over ₹1,200 crore in donations to political parties, according to data made public by the Election Commission of India. Between April 2019 and November 2023, the Hyderabad-based group shelled out ₹1,232 crore — some of it directly and some through its associated companies. MEIL spent ₹966 crore, while its offshoots Western UP Power Transmission Co Ltd, SEPC Power, and Evey Trans Pvt Ltd spent ₹220 crore, ₹40 crore, and ₹6 crore, respectively. The combined expenditure puts the Megha Group second on the list of donors, with only Future Gaming having spent more than the infrastructure company.
16.03 / 04:07
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Amit Shah shows ‘full respect' to SC order on electoral bonds, but says ‘it should…’
Amit Shah on Friday showed respect to the Supreme Court order on electoral bonds, saying the scheme was introduced to terminate the influence of black money in politics. Addressing the India Today Conclave, Shah said, “I feel that instead of completely scrapping the electoral bonds, it should have been improved." He claimed that the opposition leaders used to take political donations in cash to fill their own pockets. “For example, out of a donation of ₹1,100, they used to deposit ₹100 in the party's name and keep ₹1,000 in their own pockets.
16.03 / 03:43
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Electoral bonds scheme has exposed BJP's loot, claims Uddhav Thackeray
electoral bonds scheme have exposed the Bharatiya Janata Party (BJP), which routinely accuses the Congress of looting the country, Shiv Sena (UBT) leader Uddhav Thackeray has said. The BJP got Rs 8,000 crore in electoral bonds and if one compares it with the amount received by the Congress, it would be clear who has been carrying out loot, Thackeray claimed at a gathering of party workers in Colaba area of south Mumbai on Friday. «Disclosures linked to the electoral bonds scheme have exposed the BJP, which routinely accuses the Congress of looting the country. Will you give this country in the hands of looters? The BJP wants another five-year term (at the Centre) to loot the country while showing you (citizens) dreams of 'Viksit Bharat' (developed India)...,» he said. Just as leaders of his party were being pressured by probe agencies, like the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), corporates were also threatened into making large donations to the BJP, the former chief minister of Maharashtra alleged.
15.03 / 21:51
15.03 / 21:37
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US Prosecutors Seek Up To 50-Year Prison Sentence For Former FTX CEO Sam Bankman-Fried
Sam Bankman-Fried, former CEO of failed crypto exchange FTX, should get as much as 40 to 50 years in prison due to the «brazen disrespect» he showed for the law in his crimes, prosecutors said in a court filing Friday.Bankman-Fried's lawyers had previously recommended a sentencing of less than seven years.
15.03 / 20:35
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Why withhold info that links electoral bond donor, beneficiary: SC to SBI
State Bank of India (SBI) why it had withheld the unique numbers associated with electoral bonds purchased and encashed since April 12, 2019, ordering it to respond on March 18. The alpha-numeric ID can be used to connect the purchaser of an electoral bond with the political party that encashed it. When the SC scrapped the bonds in mid-February on the grounds that they were unconstitutional, it had asked SBI to provide full details of the funding instrument to the Election Commission of India (ECI), which was to then post this publicly. SBI was the sole issuer of electoral bonds. “We can take exception” to the non-disclosure of the bond numbers by SBI, a five-member bench headed by chief justice of India (CJI) DY Chandrachud said Friday. The ECI published the information provided by SBI on Thursday. This related to entities that had purchased electoral bonds during the period in question but didn’t include the unique number. The data shows the entities that have bought bonds, including how much, and the parties that have received money, including the quantity.
15.03 / 19:13
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Electoral trusts since 2014 have also weighed in favour of BJP
political parties under electoral bonds is under examination, although many of these have been frequent donors, paying large sums to political parties through electoral trusts. The latest electoral trust data speaks. Five electoral trusts gave political parties ₹366 crore in 2022-23, including ₹259.08 crore going to the ruling BJP. Megha Engineering and Infrastructure, the second-highest electoral bond giver, also donated Rs 87 crore to Prudent, the richest electoral trust that favours the BJP.
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