Why is the Supreme Court seeking data on donations through electoral bonds
Understanding the reasons behind the Supreme Court's request for data on electoral bonds
- The Supreme Court is seeking data on donations through electoral bonds to assess their impact on transparency and political funding.
- Electoral bonds were introduced in 2018 as a mechanism for making political donations anonymously.
- The court's request for data comes amidst concerns about the potential misuse of electoral bonds and the lack of disclosure regarding the identity of donors.
- It is also in response to petitions questioning the constitutional validity of electoral bonds and the potential for them to be used for money laundering or illicit funding of political parties.
- The Court aims to evaluate the efficacy of electoral bonds in ensuring transparency and preventing the influence of black money on the electoral process.
- The data requested will help the Court understand the patterns of donations, the volume of funds received, and the extent to which anonymity is being maintained.
- This information will aid in determining the impact of electoral bonds on political funding, accountability, and the overall integrity of the electoral system.
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