Supreme Court Orders Disclosure of Electoral Bonds Details

The landmark ruling aims to enhance transparency in political donations, revealing significant contributions to major parties.

The Supreme Court of India ordered the State Bank of India to disclose all details related to electoral bonds, including unique identification numbers, to allow the matching of donors with recipient political parties.
The Bharatiya Janata Party (BJP) was the largest beneficiary of the electoral bonds scheme, receiving a significant portion of the total donations.
Critics argue that electoral bonds favored anonymity over transparency, allowing for undisclosed and potentially unlimited donations to political parties.
The electoral bonds scheme faced legal challenges and was eventually deemed unconstitutional by the Supreme Court for violating citizens' right to information.
Following the Supreme Court's verdict, detailed data on electoral bonds was made public, revealing significant donations from companies and individuals to various political parties.