Brief by Shorts91 Newsdesk / 06:46am on 15 Feb 2024,Thursday India
In a significant ruling, the Supreme Court declared the electoral bonds scheme as "unconstitutional" on Thursday, citing violations of the right to information under Article 19(1)(a). The verdict, delivered by a five-judge bench led by Chief Justice DY Chandrachud, deemed anonymous funding to political parties as violative of electoral transparency. The court directed the State Bank of India (SBI) to halt further issuance of electoral bonds and mandated the submission of purchase details since April 12, 2019, to the Election Commission. Advocates hailed the decision, foreseeing a positive impact on electoral democracy and emphasizing citizens' right to transparent political funding.
