ELECTORAL BOND CASE
It's taxing times for electoral bond buyers after Supreme Court's Feb verdict
More than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the deductions claimed on these contributions, following the Supreme Court's decision to invalidate the scheme in February. The Supreme Court, in its ruling on February 15, declared the electoral bond scheme unconstitutional. Since its introduction in January 2018, the scheme had amassed Rs 16,518 crore in donations for political parties.
Anna Hazare must raise voice against scams in Maharashtra, country: Sanjay Raut
Shiv Sena (UBT) leader Sanjay Raut called for anti-graft activist Anna Hazare to expose nationwide scams, particularly the electoral bonds issue. Raut referenced reports of Hazare challenging the closure report on the Maharashtra State Cooperative Bank scandal involving Deputy Chief Minister Ajit Pawar. He urged Hazare to protest against corruption at the Ramlila Maidan and criticized the alleged misuse of funds by central agencies benefiting the BJP.
Big electoral bond buyer Megha Engineering to sell city gas business
Megha City Gas Distribution (MCGDPL), a wholly-owned subsidiary, has decided to consolidate operations and reached out to state-run Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Indraprastha Gas, among other players. It ventured into city gas distribution under the brand name Megha Gas in 2015 and continued to operate as MEIL till FY22.
No tension over going back to Tihar; AAP will not be finished even if you hang me: CM Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal, whose interim bail ends on June 1, feels no 'tension or anxiety' over returning to Tihar Jail. He considers incarceration part of his 'struggle' to save the country, granted bail by the Supreme Court on May 10 to campaign for Lok Sabha polls.
Electoral Bonds: CJI to take call on listing of plea seeking SIT probe into quid pro between corporates and political parties
Two NGOs have requested the Supreme Court to consider their PIL for a court-monitored investigation into alleged quid pro quo involving political parties, corporations, and investigative agencies in the electoral bonds scheme. The Court acknowledged the plea and assured it would be listed for an early hearing, following the recent scrapping of the electoral bonds scheme by a Constitution bench.
BJP received Rs 60 crore in electoral bonds, no action by ED: AAP alleges discrepancy
AAP's Sanjay Singh criticized the Enforcement Directorate (ED) for allegedly failing to take action against the BJP for receiving electoral bonds from a liquor scam accused. Singh highlighted donations made by the accused to the BJP and questioned the disparity in treatment between AAP and BJP leaders.
- Go To Page 1
From Ponnuswami case to Electoral Bond verdict: How the Supreme Court shaped India's democracy
From interpreting laws to ensuring transparency, India's judiciary has significantly influenced the country's electoral landscape through key legal decisions over the years, impacting processes before, during, and after general elections.
Rs 315 cr corruption case: CBI books second-biggest electoral bond buyer Megha Engineering, 8 steel ministry officials
Hyderabad-based Megha Engineering & Infrastructures Ltd (MEIL) is one of the biggest electoral bond donors to BJP and BRS, and the second largest donor to Congress. P Pitchi Reddy and P V Krishna Reddy, the promoters of Megha Engineering that emerged as the second-largest donor of electoral bonds at Rs 1,232 crore, saw their wealth jump 53% and 51%, respectively.
SC stays trial in money laundering case against 'lottery king' Santiago Martin
The Supreme Court halted proceedings before a special court in a money laundering case involving 'lottery king' Santiago Martin. Martin challenged the special PMLA court's decision to dismiss his petition for suspending the trial in Kerala's Ernakulam. His plea argues that the PMLA trial should wait until the predicate case concludes, referencing a 2022 verdict.
AAP questions BJP over 'silence' on relations with alleged electoral bond donor
AAP raises concerns about BJP's silence on Sarath Chandra Reddy's donations, arrested in excise policy case. Queries BJP leaders' involvement and lack of transparency in transactions.
"Don't be selective, disclose all details": SC asks SBI to share electoral bonds' serial numbers
ELECTORAL BONDS CASE: The Supreme Court directed the State Bank of India to fully disclose details of electoral bonds, including alphanumeric codes linking donors to political parties, emphasizing transparency. The Court also instructed the bank to file an affidavit confirming no information suppression. The Central government defended the bonds as a measure to counter black money.
The curious case of Rs 1,000 electoral bonds: Many opted for smallest EBs, including FMCG major ITC
From April 16, 2019, to January 10, 2024, a total of 132 Rs 1,000 bonds - the smallest electoral bonds - were purchased. Despite their count, Rs 1,000 bonds represent a minuscule fraction compared to the Rs 12,769 crore worth of bonds purchased in the same duration.
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.
SC Bar Association writes to President Murmu, seeks holding back of SC's judgment declaring electoral bonds unconstitutional
The Supreme Court Bar Association (SCBA) has urged President Droupadi Murmu for a Presidential Reference in the Electoral Bonds case. SCBA President Adish Aggarwala's letter emphasizes the court's judgment deeming the current form of electoral bonds unconstitutional. Aggarwala defends the legislative intention behind the scheme, arguing against judgments that create a constitutional stalemate and undermine parliamentary authority.
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: SC dismisses SBI's plea for extension, seeks details by tomorrow
The Supreme Court dismissed the State Bank of India's plea for an extension until June 30 to disclose details of electoral bonds. The court ordered the SBI to provide details by March 12. Harish Salve, representing the SBI, cited the complexity of matching donor details with political parties.
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.
Load More
