In a strategic move that has sparked widespread debate, the government gave the green light for the printing of Rs 10,000 crore worth of electoral bonds, merely three days before the Supreme Court’s decision to scrap the scheme.
Background
Electoral bonds, introduced in 2018, have been a contentious issue since their inception. They allow donors to contribute to political parties anonymously, raising concerns about transparency and accountability in political funding.
Government’s Decision
Despite mounting criticism and legal challenges, the government proceeded with the printing of electoral bonds, emphasizing their significance in facilitating clean and transparent political funding.
Supreme Court Intervention
The Supreme Court’s decision to annul the electoral bond scheme adds a new dimension to the ongoing debate over the transparency of political funding and the role of money in elections.
Public Reaction
The last-minute approval of electoral bonds has drawn mixed reactions from the public, with some viewing it as a necessary step to ensure smooth political funding, while others see it as a setback to transparency and democratic principles.
As the controversy surrounding electoral bonds continues to unfold, it raises broader questions about the intersection of money and politics and the need for greater transparency and accountability in electoral processes.
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