Electoral Bonds: Safeguards of Indian Democracy Falling Apart
Recently, a report based on documents accessed by transparency activist Commodore LokeshBatra (Retd) under the RTI act brought to light the skewed nature of use of electoral bonds to fund political parties especially by wealthy Indians.
Key Observations
- According to the documents, bonds with a ticket size of Rs 1 crore and Rs 10 lakh accounted for almost 99.7 per cent of the total value of bonds sold in the first 11 phases of the twelve phases over which bonds were sold by select branches of the State Bank of India between March 1, 2018 and July 24, 2019.
- Electoral bonds ....
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