Supreme Court to decide tomorrow validity of Centre's Electoral Bond scheme which allows anonymous funding
₹1,300 crore through electoral bonds in 2022-23. The party's total contributions stood at ₹2,120 crore in the 2022-23 fiscal, of which 61 per cent came from electoral bonds.
The funding from electoral bonds to the Congress was ₹171 crore in 2022-23, down from ₹236 crore in 2021-22. According to the Ministry of Finance, “The purchaser would be allowed to buy electoral bond(s) only on due fulfilment of all the extant KYC norms and by making payment from a bank account.
It will not carry the name of payee. Electoral Bonds would have a life of only 15 days during which it can be used for making donation only to the political parties registered under section 29A of the Representation of the Peoples Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last general election to the House of the People or a Legislative Assembly." (With agency inputs)Milestone Alert!
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