BJP will bring back electoral bonds after wider consultations, says Nirmala Sitharaman
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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4 held for sexually assaulting woman, girl on moving bus after social media alert in UP's Agra
Agra (UP) (PTI): Four people were arrested, after a prompt response by police following a social media alert, for allegedly sexually assaulting a woman and a girl inside a moving bus here, officials said on Tuesday.
According to an official police statement, at 12:27 am on April 27, information was received on the social media platform X about an incident of sexual assault on a bus travelling from Kanpur to Ahmedabad, which was approaching Namner crossing in Agra.
Acting under the direction of Police Commissioner Deepak Kumar, the Agra Police social media team immediately alerted the Rakabganj police station within minutes and coordinated with the victims to confirm the incident and obtain the exact location, it stated.
Police teams launched intensive checking at Namner crossing and intercepted the bus as it reached the spot. The four accused involved in the incident were apprehended on the spot, and legal action was initiated against them, the statement said.
The police said the swift response and coordination between the social media team and field units ensured timely action, bringing relief to the victims and other passengers, who expressed gratitude towards the police, it added.
