Recently, the Supreme Court directed the Election Commission of India (ECI) to submit data on the electoral bonds received by political parties till September 30, 2023.

In 2019, while hearing the Association for Democratic Reforms’ (ADR) petition against the Electoral Bond Scheme,  the SC asked the ECI to submit data on electoral bonds received by political parties. 

o ECI received status reports from 105 parties. 

o State Bank of India has revealed that only 25 political parties have opened the bank accounts necessary to  receive electoral bonds. 

 Huge expenditure: Lok Sabha 2019 elections have been termed  

as the ‘most expensive election ever, anywhere’.  

o As per the Centre for Media Studies report, nearly Rs  

55,000-60,000 crore was spent during the 2019 elections.  

Disrupts Level playing field: The increased use of money power  

in the election disrupts the level playing field. 

o It actively deters small political parties and independent  

candidates from taking part in the elections. 

Increased Cash Transactions: Electoral funding in the form of  

cash transactions is widespread in India making it difficult to  

trace the sources of funds increasing corruption and reducing  


o As per rules currently, political parties do not have to  

disclose all donations below Rs 20,000. 

Corporate and political parties’ nexus: Corporate donations of political parties have been growing significantly. 

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