Electoral Bonds Scheme Current Affairs, GK & News

Data on Sale of Electoral Bonds

November 30, 2022

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

November 12, 2022

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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SBI: Authorisation to issue of Electoral Bonds

July 2, 2022

The Union Government authorised the State Bank of India (SBI) for issue of and encashing Electoral Bonds through its 29 Authorised Branches. What are Electoral Bonds? Electoral bonds are instruments through which anyone can donate money to political parties. Electoral Bonds are valid for fifteen calendar days from the date of issue and no payment ..

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11th tranche of Electoral Bonds sale to start from July 1

June 28, 2019

Union Ministry of Finance recently announced the launch of 11th tranche of electoral bonds sale starting from 1-10 July. This is 1st issuance of electoral bonds after conclusion of 17th general elections and formation of new government. What are Electoral Bonds? Electoral bonds are being pitched as an alternative to cash donations made to political ..

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SBI to issue and encash electoral bonds soon

October 29, 2018

The GoI has notified the sale of electoral bond by SBI through its 29 authorized branches from 1.11.2018 to 10.11.2018. 29. These SBI branches are in cities like New Delhi, Gandhinagar, Chandigarh, Bengaluru, Bhopal, Mumbai, Jaipur, Lucknow, Chennai, Kolkata and Guwahati. The concept of electoral bond was initiated in Union Budget 2017.Later on Electoral bond scheme ..

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Government finalising Electoral Bonds Scheme

September 29, 2017

The Union Government is finalising electoral bonds scheme in order to bring greater transparency in funding of political parties. The scheme was announced in 2017-18 Union Budget as part of certain electoral funding reforms. It will make India first country in the world to have such unique bonds for  electoral funding. Need for such Scheme ..

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