Nagpur (PTI): Rashtriya Swayamsevak Sangh general secretary Dattatreya Hosabale on Sunday said the electoral bonds is an "experiment" and time will tell how beneficial and effective it has been.

The RSS Akhil Bharatiya Pratinidhi Sabha (ABPS) on Sunday re-elected Dattatreya Hosabale for the post of 'Sarkaryavah' (general secretary) for three years.

The Election Commission on Thursday released the electoral bonds data, with a number of billionaire tycoons and lesser-known entities being among the buyers.

ALSO READ: EC makes fresh electoral bonds data public

From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.

Asked about concerns being raised on the electoral bonds issue and claims that they were purchased to get favours, Hosabale said the Sangh has not yet discussed about it as the electoral bonds is an "experiment".

"It has been done with checks and balances and it is not that electoral bonds have suddenly been introduced today, it (such scheme) was brought earlier also. Whenever a change is introduced, questions are raised. Questions were also raised when the EVMs (electronic voting machines) were introduced," he said.

"It is natural that questions will be raised by people when new things come up. But time will tell how beneficial and effective the new system is. Hence, the Sangh thinks it should be left for experiment," Hosabale said.

The annual three-day 'Akhil Bharatiya Pratinidhi Sabha' of the RSS began at the 'Smriti Bhavan' complex in Reshimbagh area of Maharashtra's Nagpur city on Friday.

The meeting is taking place in Nagpur, the headquarters of the RSS, after six years.

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Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.

The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.

Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.

The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.

Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.

The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.