Why Supreme Court banned Electoral Bonds? | Elections 2024

Hi everyone, in this video I have discussed the Electoral Bonds & Supreme Court's Order.

Until now Political Donations were made under an electoral bonds scheme that allowed anonymity for people and companies. An electoral bond is like a financial tool used for making donations to political parties. The general public can also issue these bonds to fund eligible political parties.

Who challenged EBs in the Supreme Court?
In 2017, and later in 2018, two NGOs – ADR and Common Cause – and the Communist Party of India (Marxist) filed two separate petitions in the Supreme Court, urging it to put an end to the EB system.

Exactly a month ago, the Court gave the Electoral Bonds verdict, declaring dark and nefarious ways of election funding unconstitutional. “Information about funding to a political party is essential for a voter to exercise their freedom to vote in an effective manner,” the Court said, giving SBI three weeks to disclose all the details of Electoral Bond transactions.

A couple of days ago, ECI published the names of the donors who purchased the electoral bonds and the parties which encashed them, along with the dates and denomination of each transaction in two separate lists.

The 2024 elections have been announced today and the code of conduct has set in.