ECI releases Electoral Bonds Data

Santhosh Kumar 17/03/2024
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ECI releases Electoral Bonds Data mind map Recent News ECI publishes data online Following Supreme Court order Data covers April 12, 2019, to February 15, 2024 Details uploaded on ECI's website When Supreme Court's order dated February 15, 2024 March 11, 2024 SBI provided data on March 12, 2024 Data uploaded on March 13, 2024 Why To ensure transparency in political funding Supreme Court invalidated Electoral Bonds Scheme On February 15, 2024 What Electoral Bonds Scheme Introduced in 2017 For anonymous donations to political parties Purchased from authorized banks Donated to political parties for encashment Unencashed within 15 days Donated to Prime Minister's Relief Fund Details SBI provided Purchase date Denomination Name of purchaser Encashment details by political parties Date of encashment Denominations of encashed bonds Transfer method to ECI Pen drive with password-protected PDFs Envelope with passwords and a letter to CEC Where Data available on ECI's website Access URL provided by ECI Who Supreme Court of India Directed ECI and SBI State Bank of India (SBI) Provided the data Election Commission of India (ECI) Published the data online Chief Election Commissioner Rajiv Kumar Received the data How SBI complied with Supreme Court's directive Data transferred on a pen drive Details enclosed in password-protected PDFs Significance Enhances transparency and disclosure in political funding Reflects ECI's stance in favor of disclosure Challenges Original scheme allowed anonymous donations Raised concerns over transparency Way Forward Continued scrutiny and public disclosure of political funding mechanisms

The Election Commission of India (ECI) has released data on electoral bonds following directives from the Supreme Court of India. This initiative aims to enhance transparency in political funding by disclosing details of electoral bonds purchased and redeemed between April 12, 2019, and February 15, 2024. The data, which includes information such as the date of purchase, denomination, name of the buyer, and details of each electoral bond redeemed by political parties, was provided by the State Bank of India (SBI) and uploaded to the ECI’s website. This move comes after the Supreme Court invalidated the Electoral Bonds Scheme, initially introduced in 2017 to allow anonymous donations to political parties​​​​.

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