Just days before the Supreme Court ruled electoral bonds unconstitutional, the Finance Ministry, under the approval reported by Ritu Sarin, had authorized the printing of 10,000 electoral bonds, each valued at Rs 1 crore, by the Security Printing and Minting Corporation of India (SPMCIL). The decision has sparked significant debate, with Union Finance Minister Nirmala Sitharaman defending the legality of the bonds before the court's judgment, citing them as lawful under the then-existing legislation. Critics, including Trilochan Sastry, chairman of ADR, argue that the bonds lacked transparency and undermined democratic principles. In response to the controversy, PM Modi emphasized the role of electoral bonds in enabling the traceability of political funding, asserting that while no system is perfect, the imperfections of the electoral bonds scheme could be addressed and improved.
PM #NarendraModi rejected the suggestion that the #ElectoralBonds issue caused a setback to his government, saying no system is perfect and any shortcoming could be improved upon https://t.co/FRG7wWQBAy
Electoral bonds issue no setback, PM Modi says shortcomings will be improved #PMModi #ElectoralBonds #TamilNadu https://t.co/ePqO8r2cdG
Electoral bonds can trace source of political fundings: PM Shri @narendramodi https://t.co/UHs09HldRb
STORY | Fund trail possible due to electoral bonds, shortcomings could be improved: PM Modi READ: https://t.co/R9VWIjxWez https://t.co/A3IelEFqrD
Before 2014, there was no trail of the funds given to political parties during elections. Thanks to Electoral Bonds, we can now trace the source of funding. No scheme or initiative is perfect. However, imperfections can be addressed. - PM Shri @narendramodi Watch full… https://t.co/BAO3WI4ncM
'They Are Going To Regret,' Says PM Modi As Oppn Attacks BJP Over Electoral Bonds #PMModi #ElectoralBonds #Opposition #Congress https://t.co/v33SMpBous
The #ElectoralBonds introduced by the government, which the Supreme Court subsequently struck down, was lacking in transparency and went against the spirit of democracy, says chairman and founder member of ADR Trilochan Sastry. https://t.co/ihOJSSf6EO
People who are protesting against the Electoral Bonds will soon regret it. Before 2014, there was no trail of the funds given to political parties during elections. Thanks to Electoral Bonds, we can now trace the source of funding. Nothing is perfect, imperfections can be… https://t.co/UiFi3TESDc
#TNSummit2024 The court has thrashed a law that existed. It was a law passed by Parliament, and based on that law, bonds were bought. So it was not unlawful by the time it was in place...: Union Finance Minister Nirmala Sitharaman (@nsitharaman) on the electoral bonds judgement.… https://t.co/Km9DhI7dEk
Three days before Supreme Court struck down the #ElectoralBonds as unconstitutional, the Finance Ministry had given final approval for the printing of 10,000 electoral bonds each of Rs 1 cr by SPMCIL (the Security Printing and Minting Corporation of India). Read:… https://t.co/bhEPUmYkKD
#ExpressFrontPage | Three days before the SC struck down the electoral bonds as unconstitutional, the Finance Ministry had given final approval for the printing of 10,000 electoral bonds each of Rs 1 crore by the SPMCIL. ✍🏻 Ritu Sarin https://t.co/h1tRZOidsW