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India's Supreme Court Declares Electoral Bonds 'Unconstitutional', Scraps Controversial System
Breaking News: India's Supreme Court rules electoral bonds unconstitutional, sparking debate on political funding
ND
by News Desk
2024-03-15
India's Supreme Court Declares Electoral Bonds 'Unconstitutional', Scraps Controversial System

India's Supreme Court has struck down the use of electoral bonds, labeling them as unconstitutional. The controversial electoral bond system, introduced to facilitate political funding, has been subject to widespread criticism for its lack of transparency and potential for corruption.

The Supreme Court's ruling comes as a significant blow to the government's electoral financing mechanism, which had faced mounting scrutiny from opposition parties and civil society groups. Critics argue that the secrecy surrounding electoral bonds undermines democratic principles by allowing anonymous donations to political parties, thereby compromising accountability and integrity in the electoral process.

The decision to scrap electoral bonds marks a pivotal moment in India's political landscape, with implications for future electoral funding regulations and transparency measures. The Supreme Court's verdict is expected to reignite discussions on campaign finance reform and the need for greater transparency in political funding.

As the country grapples with the fallout of this ruling, stakeholders across the political spectrum are likely to engage in deliberations on alternative mechanisms for electoral financing that uphold democratic values and accountability standards. Stay tuned for further developments as India navigates this critical juncture in its electoral governance
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