New Delhi: Union Finance Minister Nirmala Sitharaman announced on Friday that the Bharatiya Janata Party (BJP) plans to reintroduce electoral bonds, which were declared unconstitutional by the Supreme Court, in some form after wider consultations if the party is re-elected in the Lok Sabha elections, as reported by the Hindustan Times.

The scheme was struck down by a five-judge bench of the Supreme Court on February 15, citing violations of voters' right to information and the potential for quid pro quo arrangements between donors and political parties.

Sitharaman stated that the Centre has not yet decided whether to file a review petition against the judgement.

“We still have to do a lot of consultation with stakeholders and see what is it that we have to do to make or bring in a framework which will be acceptable to all, primarily retain the level of transparency and completely remove the possibility of black money entering into this,” she said in an interview with the Hindustan Times.

The finance minister claimed that the electoral bonds scheme had brought in transparency, and that what prevailed before it “was just free-for-all”.

Sitharaman echoed the claims made by Prime Minister Narendra Modi on April 15 during an interview with ANI, in which he contended that it was because of electoral bonds that a money trail could be found in political funding.

“If there were no electoral bonds, then in which system of power would they have been able to find out where the money came from and where it went?” Modi asked. “This is the success story of electoral bonds.”

The Supreme Court had on February 15 directed the State Bank of India to issue details of the political parties that received electoral bonds from April 12, 2019, and submit them to the Election Commission. In the initial set of data released on court orders, the State Bank of India had not revealed the unique alphanumeric numbers and serial numbers of the electoral bonds.

It was only after petitioners in the case approached the court that the bank shared the alphanumeric and serial numbers of electoral bonds that were used to match donations with the parties that received them.

On April 17, Congress MP Rahul Gandhi asked why the BJP had hidden the names of those who had donated money to the party through electoral bonds if the aim of the scheme was to increase transparency. “And why did you hide the dates on which they gave you the money?” he added.

Electoral bonds were monetary instruments that citizens or corporate groups could buy from the State Bank of India and give to a political party, which then redeemed them.

Under the scheme, buyers were not required to declare their purchase of these interest-free bonds and political parties did not need to show the source of the money. Only the total amount received through the electoral bonds was revealed to the Election Commission through the audited accounts statements.

However, the Centre could access information about these donors as it controls the State Bank of India.

Analysis of the data shared by the State Bank of India revealed that the BJP received the lion’s share of electoral bond donations. Some of the buyers of the electoral bonds were companies that had faced raids by central agencies.

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New Delhi (PTI): Uttar Pradesh's Amethi has long been synonymous with the Gandhis and it would be the first time in 25 years that a Gandhi family member will not be contesting election from the Lok Sabha seat.

Considered a citadel of the Gandhi family since its creation as a constituency in 1967, Amethi has been represented by a Gandhi family member for about 31 years since then.

The Congress fortress was breached in the last general election in 2019 when BJP's Smriti Irani beat Rahul Gandhi by more than 55,000 votes.

This time, Rahul Gandhi will contest the Lok Sabha election from the Rae Bareli seat, while Kishori Lal Sharma, a close aide of the Gandhi family, has been fielded from the Amethi Lok Sabha seat.

Sharma was the key person who looked after the two prestigious constituencies on behalf of the Gandhis.

The last time a non-Gandhi was in the fray from the constituency was in 1998, when Satish Sharma, a close aide of Rajiv Gandhi and Sonia Gandhi, contested the polls but lost to the BJP's Sanjaya Sinh.

Sonia Gandhi reclaimed the seat in 1999 routing Singh by over 3 lakh votes.

In 2004, Sonia shifted to the adjacent Rae Bareli constituency to make way for her son Rahul Gandhi.

Rahul won the constituency for three consecutive terms in 2004, 2009 and 2014.

Contesting for the fourth time in 2019, he lost to Smriti Irani, who hit the headlines as a 'giant killer'.

Amethi is one of the 80 parliamentary seats in Uttar Pradesh and comprises five assembly segments — Tiloi, Salon, Jagdishpur, Gauriganj, and Amethi.

Over the past few years, the Congress, the Bharatiya Janata Party, and the Bahujan Samaj Party have emerged as the three main players in the constituency.

Its first Member of Parliament was Vidya Dhar Bajpai of the Congress who was elected in 1967 and held the seat in the next election in 1971.

In the 1977 election, Ravindra Pratap Singh of the Janata Party became an MP from the seat defeating former prime minister Indira Gandhi's younger son Sanjay Gandhi.

Sanjay Gandhi had his electoral revenge three years later when he defeated Singh in the 1980 general election.

Later that year, Sanjay Gandhi died in a plane crash and the seat fell vacant. In the consequent by-election held in 1981, Sanjay's brother Rajiv Gandhi scored a landslide victory from the seat, defeating his closest rival by more than 2 lakh votes.

Rajiv Gandhi went on to represent this constituency until 1991 when he was assassinated by the militant group LTTE.

The subsequent by-election held the same year was won by Satish Sharma, a close aide of Rajiv Gandhi and later Sonia Gandhi.

Sharma was re-elected in 1996 but lost to BJP's Sanjaya Sinh in 1998.

In the 2019 Lok Sabha Elections, Irani won the Amethi seat with a margin of over 55,000 votes, polling 4,68,514 votes. Rahul Gandhi got 4,13,394 votes.

In 2014, Rahul Gandhi won the Amethi seat for the third time in a row, polling 4,08,651 votes to Irani's 3,00,748 votes.

BSP candidate Dharmendra Pratap Singh came third with 57,716 votes and Aam Aadmi Party (AAP) candidate Dr Kumar Vishwas was in fourth position with 25,527 votes.

The Amethi and Rae Bareli seats will go to polls on May 20 in the fifth of the seven-phase general election.

Ending days of suspense, the party announced the candidates from the two seats early Friday.

Deliberations had been on in the party since Thursday over the names of the contenders for the two seats.

The BJP had on Thursday announced Dinesh Pratap Singh as its candidate from Rae Bareli. He had lost to Sonia Gandhi in the 2019 Lok Sabha polls.