SC refuses interim stay on electoral bond, seeks Centre, EC response within 2 weeks
By: Express Web Desk | New Delhi | Published: January 20, 2020 11:44:01 am The Supreme Court today refused to grant a stay on the electoral bond scheme. The Supreme Court on Monday sought response of Centre and Election Commission in two weeks...
The Supreme Court on Monday sought response of Centre and Election Commission in two weeks on a plea seeking a stay on the electoral bond scheme. The top court, however, refused to grant a stay on the scheme.
The plea claims that the Electoral Bond Scheme, 2018, has opened the floodgates of unlimited corporate donations to political parties and anonymous financing by Indian as well as foreign companies that can have serious repercussions on democracy in the country.
It said that certain amendments made in Finance Act, 2017 and earlier Finance Act, 2016, both passed as money bills, have opened doors to unlimited political donations, even from foreign companies and thereby legitimizing electoral corruption at a huge scale, while at the same time ensuring complete non-transparency in political funding.
(With PTI inputs)