Electoral Bonds: Scheme introduced in spirit of transparency and accountability, Centre tells Supreme Court

Shruti Mahajan April 4 2019
the Arbitration and Conciliation (Amendment) Act

In the case pertaining to the validity of the electoral bonds scheme, the Centre has opposed the concerns of the Election Commission (EC) over the impact of the scheme on the transparency of political funding.

While the EC had communicated its concerns over the "serious repercussions" the scheme of electoral bonds would have on the transparency of political funding, the Union Ministry of Finance, in its affidavit, has stated that the scheme was introduced "in the spirit of transparency".

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