Electoral Bonds: India's Supreme Court on Thursday (Feb 15) struck down as unconstitutional the so-called 'electoral bonds', in a landmark judgement that ruled that the controversial financial instruments to support political parties can lead to 'quid pro quo'.

India: Supreme Court strikes down electoral bonds scheme as unconstitutional

India's Supreme Court has scrapped a seven-year-old election funding system, called "electoral bonds", that allows individuals and companies to donate money to political parties anonymously and without any limits.

BREAKING NEWS: India's Supreme Court strikes down electoral bonds, calls them 'unconstitutional'

Defending the tenets of the electoral bond scheme, the Indian government told the Supreme Court that the citizens “don’t have the right to know” the sources of the funding of the political parties.

Citizens don’t have right to know sources of political parties' fundings: Indian govt to Supreme Court

The State Bank of India opens its 28th tranche of electoral bond sales. Undertaken by the Indian government, the ten-day window is set to kick-start today, It will be accessible at all authorised branches of the state bank of India until October 13.

India: Ahead of 2024 polls, electoral bonds in focus; bond scheme case back in headlines | WION

The Congress will vehemently raise the issue of electoral bonds in Lok Sabha today for which party is even likely to stage a walk-out if they were not allowed to have a detailed discussion on it, told top-notch sources from the party.

Congress to stage walk-out from Lok Sabha if not allowed to discuss electoral bonds

A whopping 99.8 per cent of donations received by political parties was through electoral bonds of the highest denominations -- Rs 10 lakh and Rs one crore -- between March 2018 and January 24, 2019, revealed data obtained under the RTI Act.

Lok Sabha elections 2019: Parties got 99.8% donations through electoral bonds, says RTI

Watch this segment of India Election Watch for latest updates of India Election as on 12th April, 2019.

India Election Watch; 12th April 2019

The Supreme Court on Friday said that all the political parties will have to mandatorily disclose the details of donations received through electoral bonds. The bench, headed by Chief Justice of India Ranjan Gogoi, pronounced the order while hearing a petition filed by an NGO Association of Democratic Reforms opposing the use of electoral bonds for political funding.

Political parties must submit details of funding through electoral bonds, says Supreme Court

The Supreme Court on Friday said that all political parties have to disclose the details of donations received through electoral bonds. The details should be submitted before the Election Commission in a sealed envelope and must also include the bank account details of the political parties.

All you need to know about electoral bonds

The Supreme Court of India on Thursday reserved its verdict on petitions challenging the legality of electoral bonds. The bench, headed by Chief Justice of India Ranjan Gogoi, will pronounce its judgment on Friday.

Should names of donors using electoral bonds be made public? Supreme Court to decide tomorrow

The Supreme Court will hear petition challenging the electoral bond scheme on April 10, a day before Lok Sabha polls begin. Last week, CPI(M), along with NGO Common Cause, filed a petition in the court calling the electoral bond scheme an ''obscure funding system'' unchecked by authorities.

Supreme Court to hear petition challenging electoral bond on April 10

The finance minister had last week pitched electoral bonds as an alternative to cash donations

Government open to proposals to further clean up political funding: Jaitley

The finance minister in his budget last year had announced the introduction of "electoral bonds" aimed at improving transparency in funding of political parties.

Finance minister Jaitley announces guidelines for electoral bonds

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