Electoral Bonds
- The Election Commission of India (ECI) has told the Supreme Court that electoral bonds, wreck transparency in political funding.
- Supreme Court has thus asked political parties to reveal details of the donations they received through electoral bonds to the Election Commission who in turn is directed to keep all the details in a sealed cover.
- An electoral bond is a bearer instrument (without the name of the bond holder) like a Promissory Note —payable to the bearer on demand and free of interest.
- Any citizen of India or a body incorporated in India whose accounts are KYC compliant can purchase it.
- They are ....
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