How does the SC order on electoral bonds disclosure affect transparency in political funding
Analyzing the extent to which the Supreme Court order regarding electoral bonds disclosure enhances transparency in political financing in India.
- The Supreme Court order on electoral bond disclosure requires political parties to submit details of donations received through electoral bonds to the Election Commission.
- This order enhances transparency by making it mandatory for parties to reveal the sources of their funding, which were previously kept confidential.
- It allows the public to track the flow of money to political parties and potentially identify any undue influence from donors.
- However, the extent of transparency is limited as the SC did not ban the use of electoral bonds, which still allow for anonymous donations, raising concerns about accountability and potential misuse.
- Overall, while the order is a step towards greater transparency, challenges remain in ensuring complete disclosure and fairness in political funding.
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a year ago