ELECTORAL BOND BENEFICIARY
Game's Bond, Electoral Bond: Two reforms that India's new government should undertake
All political funding should be routed transparently through electronic means, via UPI, IMPS, Neft or RTGS. Let parties crowdfund themselves. In a democracy, money should move from the people to their parties, not from politicians to voters.
Need an alternative to electoral bond scheme, black money's impact on polls to rise, says Home Minister Amit Shah
Home Minister Amit Shah expressed concerns that the scrapping of the electoral bond scheme by the Supreme Court could lead to an increase in the influence of black money during the ongoing Lok Sabha elections. He said that an alternative should be debated in Parliament. The debate should involve all stakeholders including political parties, Shah said. He emphasised the need for collective deliberation to decide on a new solution following the court's judgment that the scheme violated constitutional rights.
Prashant Bhushan accuses Centre of favouring cos like Bharti Telecom, Megha Engg after they donated through electoral bonds
Senior Advocate Prashant Bhushan accused the central government of favoring companies like Bharti Telecom and Megha Engineering after they made donations to the party through electoral bonds. He alleged that these donations were made as quid pro quo arrangements for favors from the government.
PM Modi speaks on electoral bonds, says 'those dancing over bond details will repent it'
Addressing questions about whether the revelation of electoral bond details posed a setback for the ruling BJP, PM Modi told Thanthi TV during an interview, "Tell me what have we done that I should see it as a setback? I firmly believe that those dancing over it (bond details) and taking pride in it are going to repent."
Electoral bonds: BJP received donations from big corporate groups
Electoral bonds, purchased by various corporate groups, benefitted BJP. The Election Commission's data revealed the donors matching political parties. BJP received donations from a wide range of entities, including pharmaceutical companies and industrialists.
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.
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Aurobindo Pharma bought electoral bonds worth Rs 52 cr, BJP biggest beneficiary
The Hyderabad-based firm had purchased electoral bonds between April 3, 2021 to November 8, 2023 and Rs 34.5 crore was donated to the Bharatiya Janata Party (BJP), Rs 15 crore to the Bharat Rashtra Samithi (BRS), and Rs 2.5 crore to the Telugu Desam Party (TDP).
Bharti Airtel, subsidiary Bharti Telemedia donated around Rs 234 crore to BJP via electoral bonds
Bharti Airtel and Bharti Telemedia donated most of the Rs 235 crore electoral bonds to BJP. Several other companies, including IT firms, also made contributions to political parties via electoral bonds.
Electoral bond data: Future Gaming and Megha Engineering top donors to political parties
The data release provides details of electoral bonds worth over Rs 12,000 crore. The information was provided by State Bank of India (SBI), the sole seller of the bonds, and published by the ECI.
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.
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.
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.
'Biggest scam in the country': Shiv Sena (UBT) leader Sanjay Raut targets BJP over electoral bonds case
Sanjay Raut accuses BJP of benefiting from electoral bonds purchased by gaming and gambling companies. Manoj Jha suspects a correlation between ED raids and bond purchases. Kapil Sibal criticizes the lack of investigation by probe agencies on black money promises.
'Legalised bribery': Chidambaram slams electoral bonds scheme after data made public
P. Chidambaram, senior Congress leader and former finance minister, criticized the electoral bonds scheme, calling it a means to "legalize bribery" and ensure the ruling party's benefit. He expressed his views at the India Today Conclave 2024, stating that elections should allow more open campaigning and larger expenditure limits for candidates.
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.
Future Gaming’s Santiago Martin: Under ED, I-T’s lens for a decade, this 'Lottery King' bought electoral bonds worth Rs 1,368 cr
ELECTORAL BONDS: Future Gaming and its CEO Santiago Martin, dubbed the 'Lottery King', have drawn attention for purchasing electoral bonds worth Rs 1,368 crore. The company, with interests spanning healthcare to gambling, has faced scrutiny from investigative agencies for alleged financial fraud and money laundering since 2011, despite its substantial turnover.
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.
Hide and seek in new India; nation seeks, Modi hides: Congress' dig over electoral bonds issue
In its verdict last month, the top court directed the bank to furnish the details to the Election Commission (EC) by March 6.
Desperate Modi govt trying to use SBI to bulldoze SC judgment on electoral bonds scheme: Congress
The Congress party has accused the Modi government of using the State Bank of India (SBI) to hide its "dubious dealings" by seeking more time to disclose details of electoral bonds. The SBI has requested an extension until June 30 to provide the information, which the Supreme Court had previously ordered to be disclosed by March 6. The Congress party maintains that the electoral bonds scheme is "opaque, undemocratic, and destroyed the level playing field."
PM Narendra Modi urges 'everyone' to donate to BJP after giving Rs 2,000
India's Prime Minister Narendra Modi has urged 'everyone' to donate money to the Bharatiya Janata Party to help the saffron party's efforts in building the nation. The Supreme Court recently banned electoral bonds introduced by the Modi government, which were crucial for political funding.
Electoral Bonds: BJP took home lion's share of Rs 16,000 crore political funding
Poll Bonds: The Supreme Court's landmark order banned electoral bonds, declaring them unconstitutional due to concerns about transparency and accountability. The ruling BJP received the majority of funds through these bonds, significantly increasing its income. Other parties also relied on electoral bonds for financial support.
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.
Supreme Court strikes down electoral bonds as unconstitutional
State Bank will stop issuing such bonds immediately and provide complete details on those issued since 2019 to the Election Commission of India, which will make this information public by March 13, the court said. Also, bonds issued and still within the 15-day validity period have to be returned and the money refunded to the purchaser.
Finally, emperor's new clothes exposed
The Supreme Court ruled the electoral bonds (EB) scheme unconstitutional, emphasizing the importance of transparency in electoral funding. It directed the State Bank of India (SBI) to disclose details of bonds encashed by political parties by March 6, highlighting the lack of transparency in the scheme.
Five regional parties together received over Rs 1,200 crore in electoral bonds in 2022-23
BRS witnessed a substantial increase, securing 3.4 times more contributions from bonds during this period. The overall distribution among the parties saw Trinamool leading in expenditure at Rs 181 crore for 2022-23, followed by YSR Congress at Rs 79.3 crore, BRS at Rs 57.5 crore, DMK at Rs 52.6 crore, and BJD at Rs 9.9 crore.
Why BJP bags most money via electoral bonds, asks Congress
"The question is who is the beneficiary of these bonds? Is it not correct that 65% to 70% of the money coming out of these electoral bonds is going to the BJP? Why is it so? The Modi government must answer this question," AICC spokesman Gourav Vallabh said at the official briefing in response to a question on the amendment to the bond scheme.
Paribartan Electoral Trust gives Rs 3 crore to unknown party
The MP Birla Group incorporated the Paribartan Electoral Trust in 2014 and in its 2019-20 contribution report said that ‘Birla Corporation Ltd’ contributed Rs 3.02 crore to the trust. It has said that Rs 3 crore was donated by the trust to a political party/parties via electoral bond.
Poll bonds: SBI bills government Rs 3.2 crore fee
Of the first tranche of electoral bonds worth Rs 222 crore purchased as of March 31, 94.5% or Rs 210 crore went to the BJP.
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