political party) is presumed to be its owner,” the ADR said in a separate report. “A bearer instrument is one, which does not carry the name of the buyer or payee, no ownership information is recorded and the holder of the instrument (i.e. According to the Electoral Bond Scheme, 2018, electoral bond is a bond issued in the nature of a promissory note, which shall be bearer in character. Also, no electoral bonds were purchased in the denominations of 1,000, 10,000 and 1,00,000.Īs per the Ministry of Finance, electoral bonds can be purchased for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs one crore from the specified branches of the SBI.Īccording to the ADR, electoral bond is a financial instrument for making donations to political parties and was first pronounced by the Finance Minister in the Union Budget 2017-18. Maximum electoral bonds were purchased in the denomination of Rs 1 crore (315), followed by 280 bonds in the denomination of Rs 10 lakh. The ADR report said that between March 2018 and October 2022, a total of 595 bonds worth Rs 343 crore were purchased from the Gandhinagar main branch of the State Bank of India (SBI). In 2020-21, the Congress received Rs 10.07 crore through electoral bonds. Of the Rs 716.2 crore received by the Congress through electoral bonds, Rs 5 crore was in 2017-18, Rs 383.26 crore in 2018-19 and Rs 317.86 crore in 2019-20. The donations through electoral bonds for the BJP in 2020-21 stood at Rs 22.38 crore. The donations received by the BJP in 2017-18 were worth Rs 210 crore, which increased to Rs 1,450.89 crore in 2018-19 and Rs 2,555 crore in 2019-20. Other political parties, including regional parties, received Rs 1,282.66 crore through these bonds between 2017-21, the report shows.ĭuring FY- 2017-18, among national parties, only the BJP and Congress declared receiving contribution through electoral bonds, while in 2020-21, apart from the BJP and Congress, only AITC declared donations through electoral bonds. While the BJP topped the chart with donations worth Rs 4,238.275 crore, the Congress got Rs 716.2 crore, AITC Rs 239.7 crore and NCP Rs 49.75 crore. The report shows that four national parties – BJP, Congress, Trinamool Congress (AITC) and Nationalist Congress Party (NCP) – alone have received over 80% of the donation through electoral bonds during the said period. Political parties received donations worth Rs 6,500 crore through electoral bonds between 2017-21, of which the Bharatiya Janata Party (BJP) got Rs 4,238 crore (65%), a new report from the Association for Democratic Reforms (ADR) shows. While the BJP topped the chart with donations worth Rs 4,238.275 crore (65%), the Congress got Rs 716.2 crore, AITC Rs 239.7 crore and NCP Rs 49.75 crore through these bonds between 2017-21, the ADR report shows
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