Supreme Court Declared Electoral Bonds Unconstitutional
The Supreme Court issued its much-awaited decision in the electoral bonds case on February 15, 2024, concluding that anonymous electoral bonds violate the right to information guaranteed by Article 19(1)(a) of the Constitution. The scheme has been declared unconstitutional as a consequence.
Over three days, a bench responsible for interpreting the law that heard several cases challenging the controversial electoral bonds system. The decision was reserved till November 2023. This bench included Chief Justice DY Chandrachud, Justices Sanjiv Khanna, BR Gavai, JB Pardiwala, and Manoj Misra.
Electoral Bonds
Electoral bonds were introduced with the Finance Bill of 2017. They are securities or instruments that are used to make financial contributions to political parties. Notification of the Electoral Bonds came out in 2018.
In this article, we will learn about Electoral Bonds in detail, including their scheme, recent update, eligibility, advantages, and disadvantages.
Table of Content
- What are Electoral Bonds?
- Electoral Bonds Scheme in India
- Supreme Court Declared Electoral Bonds Unconstitutional
- Electoral Bonds Under Scrutiny in Supreme Court
- Supreme Court’s Hearing on Electoral Bonds Scheme
- Eligibility for Electoral Bonds Scheme