What is the impact of electoral bonds on political party donations

The impact of electoral bonds on political party donations can be summarized as follows:

• Promotion of 'clean money' donations: The government argues that electoral bonds promote transparency and accountability in political funding. It is believed that these bonds encourage political donations through legitimate banking channels, reducing the flow of black money into political campaigns.
• Anonymity of donors: One key feature of electoral bonds is the anonymity it provides to donors. Critics argue that this lack of transparency compromises the accountability of political parties and creates potential loopholes for illegal funding.
• Increased funding for political parties: Electoral bonds are seen as a means to increase the funding available for political parties, as it provides an avenue for corporations, individuals, and organizations to contribute without revealing their identity publicly.
• Potential influence of corporations: The concern arises that large corporate donors may attempt to influence the policies and decision-making of political parties to serve their own interests.
• Limits on disclosure: Limited information is available regarding the extent and distribution of electoral bond donations, making it difficult to fully assess the impact on political party finances and donor influence.

Overall, electoral bonds have sparked debate regarding the balance between transparency and accountability in political funding and the potential influence of private interests on political parties.