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Election Commission Releases Electoral Bond Data

The Election Commission of India (ECI) published information on the acquisition and redemption of electoral bonds by corporations and political parties on its website on March 14. The ECI stated on Thursday that it has consistently advocated for disclosure and transparency in this matter, a stance that has been reflected in the proceedings of the Supreme Court and acknowledged in its orders.

Edited By : Shashwat Nishant | Updated: Mar 14, 2024 20:44 IST
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The Election Commission of India (ECI) published information on the acquisition and redemption of electoral bonds by corporations and political parties on its website on March 14. The ECI stated on Thursday that it has consistently advocated for disclosure and transparency in this matter, a stance that has been reflected in the proceedings of the Supreme Court and acknowledged in its orders.

As per the Election Commission, the information has been divided into two parts. The initial dataset reveals the names of the purchasers along with the bond denominations, whereas the second dataset displays the political parties and the bond denominations they have encashed.

The State Bank of India had submitted a compliance affidavit to the Supreme Court, affirming that it has supplied the Election Commission of India with thorough information regarding the electoral bonds scheme. This information encompasses the purchase date, purchaser identities, and bond denominations.

Electoral bonds have been a focal point of considerable discussion and examination, as they serve as a means for individuals and corporations to anonymously contribute funds to political parties.

Previously, the Supreme Court instructed the State Bank of India (SBI) to furnish comprehensive data to the Election Commission, aiming to promote transparency and accountability in political financing. Alongside purchaser details, SBI has also furnished information to the EC regarding the timing of electoral bond encashment and the recipient political parties’ identities. This initiative seeks to bolster transparency in political donations, ensuring that funds are identifiable and properly recorded.

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First published on: Mar 14, 2024 08:30 PM IST

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