electoral bonds

The ease with which the Narendra Modi government ignored apex institutions like the Reserve Bank of India, Election Commission of India, and even Parliament, intensifies the crisis facing the institutions meant to check the untrammeled power of the executive.
The Modi government claimed repeatedly that donors asked for electoral bonds due to fear of political retribution if they used transparent methods of funding. An RTI reply shows this was a lie.
A look at what the commerce minister didnt address at his press conference on electoral bonds at the BJP headquarters.
Chairman M Venkaiah Naidu, however, said he has examined the issue and it was not important enough to set aside the business.
The Indian Express reported that electoral bonds with denomination of Rs 1 crore accounted for more than 91% of the bonds sold in the first 11 phases.
The bonds worth Rs 10 crore were redeemed soon after the 2018 Karnataka state elections resulted in a hung assembly. The bonds had been purchased in a special sale window opened at the direction of Prime Minister Modi's office.
Nitin Sethis investigation, published on HuffPost India this week, showed how the Narendra Modi-led government brought untraceable funds into Indian politics.
The State Bank of India (SBI) maintains a secret number-based record of donors who buy electoral bonds, and the political parties they donate to. Law enforcement agencies can request access to this record.
Congress said the government must disclose full donor information, who donated crores to the BJP, and place this information before Parliament.
People took to Twitter to troll the Narendra Modi government for lying to the Parliament and the EC over electoral bonds before state elections.