Overview

• 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.