The Supreme Court declares electoral bonds scheme unconstitutional, striking it down.
The Supreme Court declared the electoral bonds scheme unconstitutional, stating it infringes upon citizens’ rights.
CJI Chandrachud highlighted that the scheme undermines voters’ right to information and freedom of speech.
The court ordered banks to halt issuing electoral bonds, as they conceal contributors’ identities.
Concerns were raised about potential quid pro quo arrangements due to anonymous donations to political parties.
Financial contributions to parties could lead to undue influence over policy-making, affecting voters’ choices.
Access to legislators through contributions can influence policy decisions, creating political inequality.
The court emphasized the importance of transparency in political funding for informed voting decisions.
In November 2023, a Constitution Bench headed by CJI Chandrachud heard arguments challenging the electoral bonds scheme.
Petitioners argued that the scheme violates citizens’ right to information, promotes corruption, and undermines fair competition among political parties.