Supreme Court Judgment on Electoral Bond Scheme
On 15th February, 2024, in a landmark unanimous judgment, a five-judge Constitution bench of the Supreme Court (SC) struck down the electoral bonds scheme terming it as “unconstitutional and manifestly arbitrary”.
Background
- Introduced in 2018, the electoral bonds scheme allows corporations and individuals to anonymously donate money to political parties by purchasing electoral bonds from the State Bank of India (SBI).
- This scheme was challenged by a number of parties, including the Communist Party of India (Marxist), Common Cause and the Association for Democratic Reforms (ADR).
- The petitioners argued that citizens have a right to information about the parties and ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 2025: The Year of Defence Reforms
- 2 Gender-Inclusive Agritech: Empowering Women Farmers
- 3 Quantum Economy: Redefining Economic Landscapes
- 4 PwDs in India: Challenges and Empowerment Initiatives
- 5 India State of Forest Report 2023: Gains and Concerns
- 6 Groundwater Contamination in India: An Emerging Challenge
- 7 G20 Rio de Janeiro Leaders' Declaration: Towards Resilient & Inclusive Global Growth
- 8 Global Plastics Treaty: No Headway in Sight
- 9 Potential of Carbon Credits in India's Agriculture Sector
- 10 Biodiversity COP 16: Making Peace with Nature
