#PaisaPolitics

However, the bank regularly shares updates on the controversial funding scheme with the finance ministry, documents reveal.
Documents obtained under RTI also reveal that crucial discussions on allowing shell companies to secretly fund political parties were not officially recorded.
The Association for Democratic Reforms filed an application in the Supreme Court, citing documents acquired by multiple RTI activists including Lokesh Batra.
Journalist Nitin Sethi has uploaded all the documents obtained by transparency activist Lokesh Batra through RTI, which formed the basis of the six-part investigative series published last week by 'HuffPost India'.
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.