• HINDI
  • JaiTV
  • Login
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • FASHION
  • TECH
  • LIFESTYLE
  • SPORTS
  • OTHERS
    • PEOPLE
    • OPINION
    • BREAKING NEWS
    • INFO
    • SOCIAL
    • VIDEOS
No Result
View All Result
Ganga News Today
No Result
View All Result
Home INDIA

CEC Assures Disclosure of Electoral Bond Details

by Ayushi
March 13, 2024
in INDIA
Lok Sabha polls 2024: The Election Commission of India has banned the publication of exit polls between April 19 and June 1. The Lok Sabha elections will be held in seven phases from April 19 to June 1, with counting on June 4.
X (Twitter)FacebookWhatsappTelegram

Chief Election Commissioner (CEC) Rajiv Kumar recently provided assurance that the Election Commission will disclose all details regarding electoral bonds following the submission of information by the State Bank of India (SBI). Speaking at a press conference, Kumar stated that the SBI had submitted electoral bond details to the Election Commission on March 12, as directed by the Supreme Court.

 

The Supreme Court had mandated the SBI to furnish details of electoral bonds to the Election Commission by March 12. In response to this directive, the SBI chairman filed an affidavit affirming the submission of data pertaining to bonds purchased and redeemed between April 12, 2019, and February 15, 2024. This development comes after the Supreme Court invalidated the Centre’s Electoral Bonds Scheme in February, which allowed for anonymous funding to political parties. The court had ordered the SBI to cease issuing Electoral Bonds immediately and to provide details about each bond encashed by political parties.

RelatedPosts

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

 

During the press conference, CEC Rajiv Kumar emphasized the Election Commission’s commitment to transparency. He highlighted the Commission’s stance in favor of disclosure, stating that transparency has always been a priority for the Election Commission, both in its operations and in the electoral process conducted by district magistrates. Kumar reiterated the Commission’s dedication to disclosing information to the public and voters.

 

The Electoral Bonds Scheme had faced criticism due to concerns about transparency and accountability in political funding. The Supreme Court’s decision to strike down the scheme underscored the importance of transparency in political finance. With the submission of electoral bond details to the Election Commission, there is an expectation of greater transparency in the funding of political parties.

 

The SBI’s affidavit revealed significant information regarding electoral bond transactions. According to the affidavit, a total of 22,217 bonds were purchased between April 1, 2019, and February 15, 2024. Additionally, the affidavit disclosed that 18,871 bonds were purchased and 20,421 bonds were redeemed from April 12, 2019, to February 15, 2024. These figures provide insight into the volume and activity of electoral bond transactions during the specified period.

 

However, the SBI’s request for an extension of the deadline for disclosing electoral bond details was denied by the Supreme Court. The court dismissed the bank’s application seeking an extension until June 30, emphasizing the importance of timely disclosure. As a result, the SBI was required to provide the information by March 12, aligning with the court’s directive.

 

The disclosure of electoral bond details is expected to shed light on the flow of funds to political parties and enhance transparency in the electoral process. By making this information publicly available, stakeholders, including voters and civil society organizations, can scrutinize political financing practices and hold parties accountable. Transparency in political funding is essential for upholding the integrity of democratic elections and ensuring that the interests of citizens are safeguarded.

 

The Supreme Court’s decision to strike down the Electoral Bonds Scheme and mandate the disclosure of bond details reflects a commitment to strengthening democratic norms and principles. It underscores the judiciary’s role in upholding transparency and accountability in governance. Moving forward, the Election Commission’s disclosure of electoral bond details will contribute to fostering greater trust and confidence in the electoral process.

 

The assurance provided by CEC Rajiv Kumar regarding the disclosure of electoral bond details, coupled with the submission of information by the SBI, marks a significant step towards enhancing transparency in political funding. The disclosure of bond transactions will enable stakeholders to monitor the flow of funds to political parties and uphold the principles of accountability and integrity in democratic governance.

Tags: chief election commissionerElectoral BondsPolitical FundingRajiv KumarState Bank of IndiaSupreme CourtTransparency
Previous Post

ED Freezes Stock Market Portfolios in Mahadev Betting App Case

Next Post

Mukhtar Ansari: Life Imprisonment in Fake Arms License Case

Related Posts

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

Priyanka Gandhi speech in inauguration ceremony of the ATTOI Tourism Convention Wayanad

March 30, 2025
Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

Maha Kumbh 2025 Sees Record 600 Tons of Floating Waste Recycling, Offers Lessons for Many

March 11, 2025
PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

PM Shri Narendra Modi Inaugurates Namo Hospital in Silvassa

March 10, 2025
World Animal Protection Approaches Prime Minister to Prevent Elephant Transfer to Delhi from Assam

World Animal Protection Approaches Prime Minister to Prevent Elephant Transfer to Delhi from Assam

October 19, 2024
Quality control order (QCO) regulating footwear imports has been extended till 1 August 2024

India Mandates ISI Mark on Foreign Luxury Shoes

March 31, 2024
The inflated Uber ride bill “did not include a Goods and Services Tax (GST),” the viral post claimed.

Noida Man Receives Rs. 7.66 Crore Uber Bill for ₹26 Auto Ride

March 31, 2024
Next Post
Mukhtar Ansari's son Umar Ansari claimed his father was given slow poison in jail. Ansari died on Thursday in a hospital in Uttar Pradesh's Banda district due to cardiac arrest, hence the demand for investigation

Mukhtar Ansari: Life Imprisonment in Fake Arms License Case

Recent News

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

Vidyut Jammwal Joins the Spykar Movement with the Launch of Chico Fit

May 29, 2025

Digital Gold vs Physical Gold : Which is Better

May 14, 2025
Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

Truecaller Introduces Scamfeed : A User-Powered Defense Against Scams

April 29, 2025
TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

TVS Motor Company Unveils the Upgraded TVS Apache RR 310 with Advanced Features

April 26, 2025
Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

Lava Announces Exciting Smartphone Offers; Agni 3 Available for as Low as ₹16,999

April 22, 2025
What Indian Car Lovers Can Expect from the VinFast VF 6

What Indian Car Lovers Can Expect from the VinFast VF 6

April 17, 2025
  • ABOUT
  • CONTACT
  • PRIVACY
  • ADVERTISE
  • Hindi – हिंदी
FOLLOW US

© Ganga News Today

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
DTV
  • HOME
  • INDIA
  • WORLD
  • ENTERTAINMENT
  • BUSINESS
  • TECHNOLOGY
  • LIFESTYLE
  • SPORTS
  • FASHION
  • HEALTH
  • PEOPLE

© Ganga News Today

Go to mobile version