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Topic: electoral bonds scheme
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Lawyer Prashant Bhushan, appearing for the NGO seeking a stay on electoral bonds, alleged they are meant for channelising black money in favour of the ruling party.
Big jump in number of parties registered in 2018 and 2019, EC official says it is aware of the potential problem but doesn’t have the power to de-register them.
Chief Election Commissioner Sunil Arora had written to the law minister reiterating a range of bond-related reforms that were pending with the government.
The Centre told the Supreme Court, which will hear the matter next week, that electoral bonds scheme was brought to check the flow of black money into political funding.