Supreme Court's Landmark Decision on Electoral Bonds Scheme
In 2018, India implemented the electoral bonds scheme with the goal of reforming political funding.
Background
This initiative allowed individuals and corporations to purchase bonds from authorized banks and donate them to political parties without revealing their identities.
Background
The scheme aimed to enhance transparency in political funding while safeguarding the anonymity of donors.
Background
– The case of Association for Democratic Reforms & Anr. vs Union of India brought before the Supreme Court.– Electoral Bonds Scheme challenged as unconstitutional.
The case Titled Association for Democratic Reforms & Anr. vs Union of India.
– Supreme Court declares the Electoral Bonds Scheme unconstitutional.– Ruling based on violation of the right to information and principles of free and fair elections.
Key Judgment
– Electoral Bonds Scheme found to restrict citizens' access to crucial information regarding political funding.– Court asserts that transparency in political funding is essential for informed democratic participation.
Violation of Right to Information
– Electoral Bonds Scheme found to restrict citizens' access to crucial information regarding political funding.– Court asserts that transparency in political funding is essential for informed democratic participation.
Threat to Free and Fair Elections
– State Bank of India directed by the court to disclose the names of donors and the amounts received by political parties through the Electoral Bonds Scheme.– Aim is to ensure greater transparency and accountability in political funding.
Order to Disclose Donors' Information
– State Bank of India directed by the court to disclose the names of donors and the amounts received by political parties through the Electoral Bonds Scheme.– Aim is to ensure greater transparency and accountability in political funding.
Order to Disclose Donors' Information
– Landmark decision by the Supreme Court aimed at upholding the principles of democracy, transparency, and accountability in the electoral process.– Electoral Bonds Scheme deemed as failing to meet the standards of a reasonable restriction on the right to information.