Electoral Bonds: Transparency vs. Secrecy?

Sindujaa D N
The recent comments by the supreme court regarding electoral bonds have stirred significant debate and action. Following the court's directive, the State bank of india has suspended the issuance of electoral bonds, sparking discussions on the need for their cancellation.

The revelation of the recipients of electoral bonds, spanning from the ruling bjp to the opposition Congress, has caused uproar, particularly due to the substantial funds received by the BJP. Opposition parties, including Congress, have criticized the BJP's significant financial backing.
Prime minister Modi defended the electoral bonds system, emphasizing its role in bringing transparency to political funding and curbing black money. However, critics question this assertion, citing the supreme Court's decision to strike down the bonds as evidence of underlying opacity and potential quid pro quo arrangements.
The involvement of individuals like Sarath Chandra Reddy, a key figure in the delhi Liquor Scam, who donated a sizable sum to the bjp through electoral bonds, has raised further suspicions. Questions arise regarding the BJP's acceptance of such donations from individuals embroiled in controversies, leading to speculation about potential favors exchanged for financial support.
Despite claims of transparency, concerns persist about the true nature of political funding facilitated by electoral bonds. Critics argue that attempts to justify their transparency as a matter of personal privacy fall short, highlighting the need for greater scrutiny and accountability in political financing.

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