What are the impacts of electoral bonds on black money in India

1. Transparency: Electoral bonds aim to bring transparency to political funding by ensuring donations are made through banking channels, reducing the scope for black money transactions. 2. Accountability: The scheme requires donors to purchase bonds through white money, making the source of the donation traceable and holding both political parties and donors accountable. 3. Reduced cash transactions: By promoting digital transactions and restricting the use of cash for political donations, the likelihood of unaccounted money entering the system is minimized. 4. Increased scrutiny: Electoral bonds require donor details to be verified, enabling regulatory authorities to monitor funding sources and detect any suspicious transactions, thus curbing the generation and circulation of black money in politics.