ELECTORAL BONDS
ELECTORAL BONDS - A mode of funding for political parties in INDIA , in this mode the transparency was lagged behind as the name of donar and party was hidden . INTRODUCTION OF THESE ELECTORAL BONDS The scheme was introduces in The Finance Bill , 2017 - 18 during the UNION BUDGET by then Finance Minister Arun Jaitely . They were classified as a money bill , and thus bypassed certain parliamentry scrutiny processes, in what was alleged to be a violation of Article 110 of Indian Constitution . Althoug introduced in early 2017, the Department of Economic Affairs in Ministry of Finance n otifies the Electoral Bond Scheme 2018 in a Gazette only on 2 January 2018 . According to an estimate, a total of 18,299 electoral bonds equivalent to a monetary value of rupees 9,875 crore , were successfully transacted during the period spanning from March 2018 to April 2022 . ➡ In 2019 general elections , Congress announced its intention to eliminate electoral...