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Business News/ Politics / News/  Electoral bonds brought for transparency in poll funding, we respect SC verdict: BJP
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Electoral bonds brought for transparency in poll funding, we respect SC verdict: BJP

Amid claims that electoral bonds denied opposition parties a level-playing field in elections, BJP MP Ravi Shankar Prasad said it is for people to decide who are in the field and who are out of it

Senior BJP leader Ravi Shankar Prasad addresses a press conference at BJP HQ, in New Delhi (PTI)Premium
Senior BJP leader Ravi Shankar Prasad addresses a press conference at BJP HQ, in New Delhi (PTI)

The BJP on Thursday defended the electoral bonds scheme, struck down as unconstitutional by the Supreme Court, saying it had a laudable objective of bringing transparency in poll funding.

BJP MP Ravi Shankar Prasad said, "... The Electoral Bond Scheme was brought in for a very laudable objective- to bring in transparency in electoral funding, and to reduce the inflow of cash during elections. Even the donors wanted secrecy... This is not the only effort PM Narendra Modi had brought about to bring more transparency into the election process..."

Taking a swipe at the Congress which had alleged that the bonds could also work as a bribe to the ruling BJP from corporate groups, he said the parties whose "DNA is based on corruption and bribery" should not level such charges against the BJP.

Amid claims that electoral bonds denied opposition parties a level-playing field in elections, he said it is for people to decide who are in the field and who are out of it.

People have thrown some parties out of the field and they could not now win even one seat in regions which used to be their strongholds, he said in a clear swipe at the Congress.

BJP spokesperson Nalil Kohli accused the opposition parties of politicising the issue as they do not have any alternative to Modi's leadership and the positive work done by his government.

The BJP's reaction came after the Supreme Court in a landmark judgment annulled the electoral bonds scheme ahead of the Lok Sabha polls, due in April-May.

A five-judge Constitution bench of Chief Justice of India DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra unanimously quashed the Electoral Bonds scheme as well as amendments made to the Income Tax Act and the Representation of People Act which had made the donations anonymous.

It asked the SBI to furnish details of the political parties that received Electoral Bonds since April 12, 2019, and all the particulars received and submit them to the Election Commission of India by March 6.

The details that the SBI will furnish will disclose details of each electoral bond encashed by the political parties, which shall include the date of encashment and the denomination of the electoral bond.

The apex court said that by March 13, the ECI shall publish the details of Electoral Bonds on its official website.

*With Agency Inputs

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Published: 15 Feb 2024, 05:18 PM IST
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