Let us discuss it here. The pros and cons of Electoral bonds.Dear All,
In the year 2017, in the budget, the Finance Minister introduced Electoral bonds. The bond was issued mainly for the political parties to have their party fund from the donors. The bond is issued by State Bank of India. Anyone can buy the bond (Rs.1000, 10000, 1,00000, 1000000 &10000000), The identity of the buyer of the bond and party receiving the fund is not disclosed. Its validity is 15 days. If the bond is not deposited into any account of the political party within 15 days, the amount would be deposited into Prime Minister's relief fund by SBI.
This point came up up for discussion in another thread that was irrelevant to that thread. Let us discuss the pros and cons of the Electoral fund, here. Does it affect the common man in anyway? I do not think any political party is against this funding. Only a few RTI activists and the EC are against this bond.