Tag: Electoral Bonds

Now under the Electoral Bond Amendment Scheme 2022, which came into being after the issuance of the gazette notification, an additional period of 15 days will be allowed in those years that have state elections also.

These can be encashed by an eligible political party only through a bank account with the authorised bank

New Delhi: The government has authorised the State Bank of India (SBI) to issue and encash first electoral bonds from March 1 this year, it was announced on Thursday. The bonds can be purchased for 10 days starting March 1 from the four branches of SBI. These include New Delhi main branch, Parliament Street; Chennai […]

New Delhi: Finance Minister Arun Jaitley on Sunday said that most political parties are “fairly satisfied” with the present system of political funding and would not like to move on to a transparent system such as electoral bonds. “India has not been able to evolve a transparent political funding system…Most political groups seem fairly satisfied […]

New Delhi: Finance Minister Arun Jaitley today said the government is finalising electoral bonds scheme, a move aimed at cleaning up political funding. “I have already announced this year and I am keen to implement it. It is in final stages. How do we legitimise political funding in India so that the underground funding itself […]

New Delhi: The State Bank of India has refused to disclose any communication it received from the government or the Reserve Bank of India on electoral bonds, terming it “personal information” and held in “fiduciary capacity”. Responding to an RTI filed by Pune-based activist Vihar Durve who had demanded copies of all letters, correspondence, directions, […]

Bhubaneswar: The State Bank of India (SBI), in the XV Phase of sale, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches from January 1, 2021. The Electoral Bonds shall be valid for fifteen (15) calendar days from the date of issue and no payment shall be made to any […]