Electoral Bonds Scheme struck down: Supreme Court verdict explained:

Electoral Bonds Scheme struck down: Supreme Court verdict explained:

Daily Current Affairs   /   Electoral Bonds Scheme struck down: Supreme Court verdict explained:

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Category : National Published on: February 16 2024

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  • Delivering a historic judgment on a batch of petitions challenging the validity of the Electoral Bonds Scheme, the Supreme Court held it "unconstitutional" and violative of the Right to Information and Article 19(1)(A). 
  • The Supreme Court said the Electoral Bonds Scheme violates the fundamental Right to Information of citizens to know who is contributing money to political parties. It said infringement of the Right to Information in the scheme is not justified.
  • The court ordered the State Bank of India -- which issues electoral bonds -- to stop issuing bonds and disclose the details of the bonds encashed by the political parties to the Election Commission, besides publishing it on its website by March 13, 2024.
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