Electoral bond scheme Current Affairs, GK & News

Electoral bond scheme

Electoral bond scheme is a scheme announced during the 2017 Union Budget to enable anonymous donation of money to political parties. Electoral bonds are interest free bearer instruments that are sold in several denominations: Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore by the State Bank of India. No ..

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Data on Sale of Electoral Bonds

Mumbai sold the highest number an electoral bonds since the scheme was launched five years ago. What are the key findings of the data on electoral bond sales? In terms of numbers and value, Mumbai, Kolkata, and Hyderabad sold the most electoral bonds since the scheme was introduced in 2018. A total of some Rs.10,700 ..

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Amendment in Electoral Bonds Scheme

The Electoral Bond Scheme has been amended by the Indian Government. What are the changes made in the scheme? The Union Finance Ministry issued a notification amending the Electoral Bonds Scheme to allow the sale of electoral bonds for extra 15 days in the year of general elections to the Legislative Assembly of States and ..

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19th Tranche of Electoral Bonds Approved

Central government approved the issuance of 19th tranche of electoral bonds on December 31, 2021, ahead of assembly elections in five states. Highlights Sale of electoral bonds will be open from January 1 to 10, 2022. State Bank of India (SBI) has been authorised to issue and encash the bonds through its 29 Authorized Branches. ..

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Supreme Court refuses to Stay Sale of Fresh Electoral Bonds

Supreme Court of India, on March 26, 2021, refused to stay sale of fresh set of electoral bonds from 1 April. This decision was taken ahead of assembly elections across four states; Kerala, West Bengal, Assam and Tamil Nadu and in Union Territory of Puducherry. Highlights Supreme Court, while refusing the stay, underlines that these ..

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