Electoral bonds protect donors

Why in news?
  • Centre defends scheme in SC by arguing that Electoral bonds scheme allows anonymity to political donors to protect them from political victimization.
More in news
  • What centre said in defence?
    (1) The government said the shroud of secrecy was a product of “well thought-out policy considerations”.
    (2) It said the earlier system of cash donations had raised a “concern among the donors that, with their identity revealed, there would be competitive pressure from different political parties receiving donation”.
    (3) Non-disclosure of the identity of the donor is the core objective of the scheme of electoral bonds in order to safeguard the donor from political victimization.
    (4) The government said electoral bonds achieve the twin purposes of greater accountability in political funding as well as anonymity of the donor.
    (5) If required, enforcement agencies can always check the details of donors from banking channels.
Source
The hindu.




Posted by Jawwad Kazi on 5th Apr 2019
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