What are the implications of the Supreme Court's decision regarding electoral bonds in India
Explain the reasons behind the Supreme Court's decision to invalidate electoral bonds in the country.
The Supreme Court of India in April 2021 declared electoral bonds unconstitutional as they enable anonymous donations to political parties, leading to opacity in political funding.The decision was based on the grounds that the scheme allowed for the infusion of black money into the political system, undermining the transparency and accountability in elections.The court noted that the lack of disclosure requirements in electoral bonds is detrimental to the democratic process by facilitating corruption and influencing political decisions.By invalidating electoral bonds , the Supreme Court aimed to uphold the principles of free and fair elections and promote transparency in political funding.
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