On April 18, the Supreme Court will rule on the legality of the electoral bonds program

On Thursday, the Supreme Court is expected to rule on a number of petitions that contest the legality of the electoral bonds program.

On November 2 of last year, a five-judge Constitution bench led by Chief Justice D Y Chandrachud reserved its decision in the case.

As part of initiatives to increase political fundraising transparency, the government announced the program on January 2, 2018, and it was positioned as an alternative to monetary contributions given to political parties.

Any Indian person or organization that has been incorporated or founded in the nation may acquire electoral bonds in accordance with the scheme’s terms.

Election bonds may be purchased alone or in combination with other people.

Electoral bonds may only be obtained by political parties that are registered under Section 29A of the Representation of the People Act, 1951, and that have garnered at least 1% of the votes cast in the most recent Lok Sabha or state legislative assembly elections.

India’s Supreme Court
The electoral bonds program must end right now since it is unconstitutional: High Court
The notice states that a political party that qualifies may only cash electoral bonds via an account with a bank that has been authorized.

Since the Election Commission and the Center had brought up “weighty issues” that had “tremendous bearing on the sanctity of the electoral process in the country,” the Supreme Court had declined to stay the electoral bonds scheme in April 2019 and had made it clear that it would give the pleas a thorough hearing.

The four petitions, which were filed by Congressman Jaya Thakur, the Communist Party of India (Marxist), and the non-governmental Association for Democratic Reforms (ADR), were the subject of arguments that the Constitution bench, which also included Justices Sanjiv Khanna, B R Gavai, J B Pardiwala, and Manoj Misra, began hearing on October 31 of last year.

The necessity to lessen the monetary component of the election process was emphasized by the supreme court throughout the hearing on the case.

India’s Supreme Court calls electoral bonds the “biggest scam in history.” Rahul Gandhi