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VOL. 10, ISSUE 6 (2024)
Electoral bonds and the right to information: Balancing privacy and transparency in political funding in India
Authors
Dipa Bhowmik
Abstract
Electoral bonds introduced in India in 2017, was shown as an attempt
towards reforming political funding. However, the absence of transparency led
to unlimited and unregulated political donations by the corporations. Before
understanding the trajectory ending of the journey of electoral bonds in India,
it is vital to know what electoral bonds were. Electoral bonds were a kind of
financial instruments functioning as bearer bonds or promissory notes. These
bearer bonds were interest-free bonds that could be obtained by individuals and
companies in India from a certain authorised branches of the SBI (State Bank of
India). The Supreme Court of India on 15 February 2024 invalidated and declared
the electoral bond scheme to be unconstitutional which was implemented in 2017
by the central government in the case of Association for Democratic Reforms v
Union of India 2024 INSC 113. The Supreme Court of India on 15 February 2024
invalidated and declared the electoral bond scheme to be unconstitutional which
was implemented in 2017 by the central government in the case of Association
for Democratic Reforms v Union of India 2024 INSC 113. It is most certain that
protecting citizen's interest is one of the most critical aspects to be taken
into consideration by the government in a democracy.
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Pages:40-42
How to cite this article:
Dipa Bhowmik "Electoral bonds and the right to information: Balancing privacy and transparency in political funding in India". International Journal of Law, Vol 10, Issue 6, 2024, Pages 40-42
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