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Lok Sabha election 2024: World’s biggest poll kicks off as India begins voting - BBC News | Lok Sabha election 2024: World’s biggest poll kicks off as India begins voting - BBC News |
(32 minutes later) | |
Electoral bonds, launched by PM Modi’s government in 2018, were aimed at cleaning up the murky financing of | |
political parties. | |
But in February, the scheme, which allowed people and companies to make anonymous donations to parties, was banned by the Supreme Court. The judges called the scheme unconstitutional, saying it lacked transparency. | |
The court also ordered the government-run | |
State Bank of India (SBI) to provide details of who bought these bonds and which party | |
received how much. | |
The BJP was the biggest | |
beneficiary of the scheme, securing almost half of the bonds worth 120bn | |
rupees donated between 2018 and 2024 - something that isn’t looking good on Mr Modi’s report | |
card. | |
Media | |
reports have linked many of the donations to companies that were being | |
investigated by government crime agencies, leading to accusations from the opposition that the government was using | |
investigating agencies for “extortion” – a charge several ministers have denied. | |
Read more here | |
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