DONATION DATA DISCLOSURE
India Inc's CSR spends on sports likely to surge in next few years
The foundations of several companies, such as the Reliance, Tata Steel, JSW, Hindustan Zinc and SKF India, have been supporting sports as part of their corporate social responsibility (CSR) commitments. However, the data on whether there has been an increase in the CSR spend on sports and by which companies is not available. This is due to an MCA notification in September 2022 that no longer requires companies to disclose details of their CSR spends but only the total spends towards CSR.
‘Doctors knew Covid vaccine’s side-effects killed my daughter. But they didn’t tell us’
Dr Snehal Lunawat was the first case in which the AEFI committee accepted there was a direct correlation between vaccination and death. Many of the petitioners, like her father Dilip, have questioned why information about the side-effects wasn’t made public earlier.
SBI refuses to disclose electoral bonds' details under RTI Act
RTI activist Commodore (retired) Lokesh Batra approached the SBI on March 13 seeking the complete data of the electoral bonds in the digital form, as provided to the EC after the Supreme Court's order.
Complete electoral bond data made public: Megha’s Rs 600 cr to BJP single biggest donation
Electoral Bond: This emerged from analysis of data provided by State Bank of India (SBI) on electoral bonds as directed by the Supreme Court. The information was passed on by the bank to the Election Commission of India (ECI), which posted the data on its website Thursday evening.
Electoral bonds: Congress demands SC-monitored SIT probe, says scheme used for prepaid, postpaid bribes
Congress accuses BJP of enabling corruption through electoral bonds, demanding SC-monitored probe. Ramesh exposes quick donor-party matches, vows investigations if INDIA bloc wins. Allegations of corporate donations post-raids raise further concerns.
Electoral bond data released: Here's a complete list of donors who contributed Rs 10 crore or more
The Election Commission has released detailed data on electoral bonds, sourced from the State Bank of India (SBI), following a Supreme Court deadline. The information reveals major buyers, including industrialists like Lakshmi Mittal, Sunil Mittal's companies, Vedanta, ITC, and Mahindra and Mahindra. Future Gaming and Hotel Services, under ED scrutiny, bought bonds worth over Rs 1,350 crore. Vedanta Ltd, Sunil Mittal's companies, and others also made significant purchases. The BJP, Congress, and several other parties received donations through these bonds, aiming to enhance transparency in political funding.
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SBI complies with SC order, gives EC alphanumerical data on electoral bonds
State Bank of India submits compliance affidavit to Supreme Court, confirming submission of electoral bond details to Election Commission. CMD Dinesh Khara assures all relevant information provided, excluding KYC details for security. The affidavit emphasizes adherence to court orders on non-disclosure of complete account numbers and KYC information.
Mystery donations: TMC and JD(U) claim electoral bonds left anonymously at their offices
Both the Trinamool Congress and JD(U), in their disclosures regarding electoral bonds for the fiscal year 2018-19, claimed that unidentified individuals had delivered sealed envelopes to their respective offices in Kolkata and Patna. Consequently, they asserted their lack of awareness regarding the identities of the donors.
Electoral bonds: DMK's disclosure shows Future Gaming, Megha Engg as top donors
The latest information is based on disclosures of donors' names by a few political parties to the poll panel. Most beneficiaries of the electoral bonds scheme, including the BJP, All India Trinamool Congress, Congress, BRS and BJD, did not disclose the names of donors.
Hafta vasooli, shell companies & kickbacks: Congress claims poll bond details open a can of worms
Electoral bond data: The Electoral Commission's recent release of electoral data has sparked immediate reactions, with the Congress party swiftly analyzing the bond data disclosed by the State Bank of India. Congress alleged various corrupt practices by the BJP, including quid pro quo, hafta vasooli, kickbacks, and money laundering through shell companies.
View: Lifting veil on corporate political donations via poll bonds throws troubling questions
Electoral bonds data revealed major donors' name, raising concerns about the relationship between money and politics ahead of the upcoming Lok Sabha elections. The disclosure of anonymous electoral bonds sheds light on hidden transactions and highlights the need for transparency in democratic processes.
Why withhold info that links electoral bond donor, beneficiary: SC to SBI
Electoral bonds: SBI to respond Monday on why it didn’t disclose unique IDs SBI, the sole issuer, faced scrutiny for not revealing the unique IDs, as directed by the top court.
Oppn seeks SC probe into 'quid pro quo' in bonds
Opposition accuses government of pressuring firms for BJP's donations. Congress demands SC-monitored corruption investigation. BJP received half donations. Freeze BJP accounts for illegal funds. Mention of ED, IT, CBI raids, CPI-M, SBI data, MP Kapil Sibal.
EC releases data on electoral bonds: BJP biggest beneficiary; Vedanta, Airtel, Essel among top donors
"In compliance of Hon’ble Supreme Court's directions, contained in its order dated Feb 15 & March 11, 2024 (in the matter of WPC NO.880 of 2017), the State Bank of India (SBI) had provided the data pertaining to the electoral bonds to the Election Commission of India (ECI) on March 12, 2024," the poll body said in a press release.
What is PM so scared of, asks Cong on electoral bonds issue
Ramesh's attack on the government came a day after the State Bank of India (SBI) submitted to the Election Commission the details of entities which had purchased the now-scrapped electoral bonds and political parties which received them, as it complied with the Supreme Court order to furnish information.
One big step for 'transparenters'
EC is now expected to upload the data on its website by Friday. SBI's data on EBs issued between April 12, 2019, and February 15, 2024, will contain two lists setting out the name of buyer or seller, date of purchase and sale, and amount of subscription and redemption.
SBI submits details of electoral bonds to Election Commission of India
The State Bank of India (SBI) has submitted the details of electoral bonds to the Election Commission of India after the Supreme Court rejected its extension request. The apex court had declared the electoral bond scheme as 'unconstitutional' and scrapped the scheme of anonymous political funding. SBI is the only authorised financial institution under the scheme.
Opposition hails Supreme Court order, says cover-up bid failed
Sitaram Yechury, general secretary of CPI(M), the only political party that was a petitioner in the SC against the electoral bond case and subsequently moved the pleas for contempt proceedings against SBI for not complying with the order on disclosure, welcomed the judgement.
SC tells SBI to furnish data on electoral bonds by the end of today's business hours
The Supreme Court on Monday dismissed State Bank of India's application seeking to extend the deadline to furnish details of electoral bonds including names of purchasers and political parties that encashed them, holding that the information was "readily available" with the bank.
Electoral Bonds Case: Congress hails SC order on SBI extension plea, says court protected Indian democracy
Congress party leader KC Venugopal has praised the Supreme Court's decision to reject SBI's request for an extension to disclose details about electoral bonds until June 30, 2024.
Electoral bonds: Supreme Court to hear on Monday SBI's plea seeking extension to disclose details
The Supreme Court is set to hear an application from the State Bank of India (SBI) on Monday, seeking an extension until June 30 to disclose details of each electoral bond encashed by political parties before the scheme's recent cancellation.
Electoral bonds: SC to hear on Mar 11 SBI's plea seeking extension of time to disclose details
The State Bank of India (SBI) has sought an extension until June 30 to disclose details of electoral bonds, as the Supreme Court hears its application. The SBI claims that decoding the bonds to match donors to donations is complex, requiring time to retrieve information from separate data silos. The bank argues that donors' anonymity was preserved through stringent measures.
Contempt plea in SC against SBI for poll bonds data 'delay'
The Association for Democratic Reforms has asked the Supreme Court to start contempt proceedings against the State Bank of India for not revealing all details of electoral bonds purchased and encashed since April 2019, as mandated. The court had ordered the SBI to provide this information to the Election Commission by March 6. The SBI requested an extension until June 30, citing the complexity of decoding the data. The ADR alleges the SBI's delay is deliberate to avoid disclosing donor details before the Lok Sabha elections.
Rahul Gandhi accuses PM Modi of hiding 'donation business' as SBI seeks extension for electoral bond disclosure
Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of concealing the "donation business," following the State Bank of India's request for an extension to disclose Electoral Bond donors. Gandhi questioned why the SBI wants to withhold this information from the public before elections. The SBI, citing practical difficulties, sought an extension till June 30 to provide details of electoral bonds encashed by political parties, as directed by the Supreme Court.
Congress accuses Modi govt of capturing democracy through extortion
"An autocratic Modi Government is capturing democracy through extortion and financial terrorism," Congress president Mallikarjun Kharge said. He claimed that the BJP received donations from at least 30 firms after it "misused" the Central Bureau of Investigation (CBI), Enforcement Directorate (ED) and the I-T Department for raids against them.
Electoral Bonds: Why are they banned & how will it affect BJP?
Poll bonds: India’s Supreme Court has banned the use of anonymous electoral bonds by political parties for fundraising. This decision affects funding across party lines but is seen as a setback for the ruling BJP, which benefited the most from the scheme.
India tightens norms to plug likely tax swindling via donations to trusts
The Central Board of Direct Taxes has made it mandatory for charitable, religious, and educational trusts to disclose the names, addresses, and permanent account numbers of donors who make a contribution of over Rs 2 lakhs in a day. These trusts will also have to provide an undertaking stating that their activities are charitable, religious, or religious-cum-charitable.
Lawyers favor Joe Biden in campaign donations, including Donald Trump's re-election firm
A Reuters analysis of Federal Election Commission records showed a wide gulf between individual lawyer donations to the two presidential candidates, with nearly $29 million going to Biden's campaign and just under $1.75 million going to Trump's campaign between Jan. 1, 2019, and Aug. 31 of this year.
Identify P-Note users, curb betting in cricket and check donations: SIT on black money
This knowledge should be at the level of the individual and not the company, SIT said, because of large inflows though these instruments.
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