April 19, 2021 7:59 am
Headed by former Jharkhand Chief Minister Shibu Soren, the state party, in its contribution report for the financial year 2019-20 submitted to the Election Commission (EC), has revealed that it received Rs 1 crore from Hindalco Industries Limited through an electoral bond.
December 23, 2020 7:32 am
The electoral bond scheme, which was notified by the Centre in 2018, allows citizens and corporates to buy monetary instruments from the SBI and donate them to a political party, which is then free to redeem it for money.
August 22, 2020 1:10 am
“The structure of the scheme allows periodic issuances. Fresh subscription will most likely happen in October as of now, this is as per the periodicity specified in scheme itself,” a senior government official told The Indian Express.
January 24, 2020 7:50 am
Under the scheme, bonds not encashed within the validity period of 15 days are to be deposited by the authorised bank with the Prime Minister’s Relief Fund.
January 22, 2020 2:43 am
The data also reveals that 12,173 bonds worth Rs 6,108.47 crore were redeemed during the twelve phases and 59.20% of the total value of electoral bonds were redeemed in two months alone — March (phase VIII) and April 2019 (phase IX).
January 14, 2020 6:57 am
The sale of the thirteenth tranche of electoral bonds started Monday and will continue till January 22 through 29 branches of the State Bank of India.
January 11, 2020 7:13 am
The BJP raised a total of Rs 2,354 crore through donations in the financial year 2018-19, which was more than double the income (Rs 1,027 crore) in 2017-18. Of this, almost 60 per cent, that is Rs 1,450 crore, came through electoral bonds.
January 10, 2020 3:38 am
On an appeal filed by RTI activist Venkatesh Nayak, the Information Commissioner at the CIC Suresh Chandra has directed the department under the Ministry of Finance to disclose the numbers.
December 04, 2019 3:55 pm
Bhushan, appearing for NGO Association for Democratic Reforms, said that the stay on the scheme was needed as it was being "misused by the party in power" and had become akin for money laundering and channelisation of black money.
November 28, 2019 7:19 am
In his August 30, 2017 letter, Goyal asked the RBI to send a draft notification “incorporating the detailed operational modalities” of the proposed bonds within two weeks.