Supreme Court declares electoral bonds scheme unconstitutional
The Supreme Court has ruled the electoral bonds scheme unconstitutional, citing it as arbitrary and a violation of voters' rights. This decision impacts the anonymity of political donations and the legal amendments that allowed unlimited contributions from corporations. The ruling emphasizes the importance of transparency in political funding as mandated by the Constitution.
- ▪The Supreme Court's judgment was unanimous and delivered by a five-judge Bench led by Chief Justice D.Y. Chandrachud.
- ▪The electoral bonds scheme was criticized for providing anonymity to political donors.
- ▪The court found that the scheme violated the voters' right to information about political funding under Article 19(1)(a) of the Constitution.
Opening excerpt (first ~120 words) tap to expand
In a landmark unanimous judgment, the Supreme Court on Thursday struck down as “unconstitutional and manifestly arbitrary” the electoral bonds scheme, which provides blanket anonymity to political donors, as well as critical legal amendments allowing rich corporations to make unlimited political donations.A five-judge Bench headed by Chief Justice of India D.Y. Chandrachud held that the Union government’s scheme, and preceding amendments made to the Representation of the People Act, the Companies Act, and the Income Tax Act, violated the voters’ right to information about political funding under Article 19(1)(a) of the Constitution.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
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