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Why electoral bonds scheme has been challenged in Supreme Court
Fp Explainers •The Supreme Court has fixed 31 October to hear a bunch of petitions challenging the legality of the Centre’s electoral bonds scheme as a source of funding for political parties. The 2018 scheme allows citizens and entities to donate funds anonymously
Supreme Court agrees to consider NGO's plea seeking stay on electoral bond scheme in January
•The Supreme Court on Wednesday said it would consider according hearing in January a plea of an NGO seeking a stay on the electoral bond scheme meant for collection of funds by political parties to contest polls
Allow only members, family to donate to political parties, says TS Krishnamurthy; ex-CEC suggests creation of national election fund
•Political parties should be barred from accepting donations, except from their members and family, former CEC TS Krishnamurthy said as he pushed for creation of a national election fund
Electoral bonds: Second tranche on sale from 2 April; to be issued at 11 SBI branches
•The 11 specified branches are located in New Delhi, Mumbai, Kolkata, Chennai, Gandhinagar, Chandigarh, Bangalore, Bhopal, Jaipur, Lucknow and Guwahati.
Electoral bonds will not solve transparency issues in political funding: CEC AK Joti
•Joti's remarks come nearly eights months after the Election Commission had told a parliamentary committee that electoral bonds introduced by the government is a "retrograde" step.
Electoral bonds guidelines are ready; instruments to be bearer in nature, have 15 days validity
•The guidelines for electoral bonds, announced in Budget 2017-18, are almost ready and some fine-tuning is being done by the finance ministry