India's Supreme Court Scraps Electoral Bonds Scheme

The landmark ruling aims to enhance transparency in political funding ahead of national elections.

The Indian Supreme Court declared the electoral bonds scheme unconstitutional, impacting political funding transparency ahead of national elections.
The BJP, which introduced the scheme, insists the court's decision will not affect its election prospects, while opposition parties view it as a setback for the ruling party.
The Supreme Court's order requires the State Bank of India to disclose the identities of electoral bond purchasers and the details of bonds redeemed by political parties.
Critics argue the scheme allowed for unlimited, anonymous donations to political parties, potentially influencing policy decisions.
Analysts believe the ban on electoral bonds may not significantly impact overall political funding, as parties receive funds through various other means.