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The Supreme Court of India declared the electoral bond scheme unconstitutional and violating fundamental rights. The scheme allows Indian citizens and private companies to purchase bonds to donate to political parties. The identities of donors remain anonymous, but the transactions are recorded. A petition was filed to disclose all information about the scheme. The Supreme Court ordered the disclosure of donor and recipient information. The Election Commission published data showing a total bond value of Rs. 9,208 crore from 2017 to 2021. There are concerns about the motives of companies donating large amounts of money and their influence on policy-making. The petitioners argued that the scheme increased corruption and black money circulation. Future Gaming and Vedanta Group were among the top donors. Future Gaming faced a money laundering case and Vedanta Group received a coal mine before making their donations. Mega Engineering, another top donor, received various contracts during th A major setback to the all political parties and a big shock to the all private companies on February 15 as because of Supreme Court verdict on electoral bonds. Dear friends, the electoral bond scheme is recently seen in news and five-membered Constitution Bench of Supreme Court of India passed a judgment on electoral bonds case and declaring that the scheme is unconstitutional and violating fundamental rights. Before going to the issue in detail, don't forget to subscribe the channel and please like, share and hit the bell icon so that you can get more updates on such videos. Electoral bonds are like promissory notes. A registered Indian citizen and a private company can purchase these electoral bonds by depositing denominations of 1,000 to 1 crore rupees only in State Bank of India. These bonds to be donated to interested political parties and the amount get deposited in respective political party fund. Dear friends, back in 2017, the electoral bond scheme was introduced in Lok Sabha as a finance bill so that it is mandatory to approve finance bill and there was no option to stop this bill by Rajya Sabha and President as well and it finally came into force on January 2, 2018. As introducing this bill, there was a serious discussion about confidentiality of funding to the political parties and motives of individuals and corporate sectors. If we analyze the process of this scheme, donor can purchase the bond from SBI and only political party can redeem this bond within 15 days. The identities of individual donors remain anonymous, but the transactions are recorded by issuing bank and monitored by regulatory authorities. But these people don't have the access to this information and this violates Fundamental Rights of Information as per Right to Information Act, 2005. By observing these loopholes of this scheme, the NGO called Association for Democratic Reforms and Communist Party of India filed a petition in Supreme Court to disclose all information and to strut down the scheme saying that this is legalized scheme for corruption. Back in 2018, Rs. 1000 denominated two bonds purchased by journalist Poonam Agarwal tweeted about similarities of those bonds and not furthered any difference exposed these bonds. But there was the invisible secret alphanumeric matching codes imprinted by State Bank of India, which matches donors and recipient political parties. By observing all these concerns, Supreme Court bench headed by Chief Justice of India D. Y. Chandrachur refers these pleas to five-digit Constitution bench. Finally, on February 15, Supreme Court delivers verdict on unconstitutionality of these electoral bonds saying that these electoral bonds are unconstitutional and against Right to Information and ordered FDA to deliver all information regarding donors and recipient political parties. On March 11, State Bank of India requested Supreme Court for extension till June 30 saying more time needed for matching donors and recipient political parties. But Supreme Court directed to submit all details by March 12 and Election Commission compiled all these data and published on its portal on 15th March. If we look into the data published by Election Commission of India, the total bond value during 2017-2021 is Rs. 9,208 crore. The top recipients are BJP, Congress, Trinamool Congress, BJD, DMK, NCP, Aam Aadmi Party. The top donors are Future Gaming, Mega Engineering, Quick Supply Chain, Vedanta Groups. Dear friends, if we look into the table, there is a suspicious over these data because even though the donors' net profit is too far with the donating amount, but they have donated a big amount to the political parties. That made a nationwide concern over political advantage of donors. These donors might be getting influence in policy making and this helps them to protect their interests. Political parties keep the fund in return as give and take approach. That collapses democracy. Here we can get the clear idea about the motives of companies behind donating large amount even though their profit is in small numbers. The petitioners argued that the electoral bond scheme increased corporate funding, black money circulation and corruption. They argued that voters have a right to information about political party's source of funding as it informs the policies and views of the party. Dear friends, the Future Gaming and Voter Services Limited have donated a big number to the all political parties. The Future Gaming company is major gaming and lottery company. Its owner is Lottery King Santiago Martin. Dear friends, Back in 2019, ED have started a money laundering case against Future Gaming. In July 2019, ED have confiscated a asset worth of 250 crore. After 3 years in April 2022, ED have confiscated a asset worth of 400 crore. 3 days after this raid, Future Gaming have donated a 100 crore worth of electoral bonds. Dear friends, The third largest donor of electoral bonds Vedanta Group in 2021 got a Rajagopur coal mine on March 3 and then in April they have donated a 25 crore worth of electoral bonds. Notably, a Vedanta Group company Talwandi Sabo Power Limited was faced a money laundering case in August 2022 and ED have traded over these groups and thereafter the group has collectively donated 400 crore worth of electoral bonds. The second largest donor of electoral bonds is Mega Engineering. This company bought a total of 966 crore worth of parts between financial year of 2019 and 2023. In the same period, it won the project to build all-weather road tunnel in Jammu and Kashmir in 2020 as well as license to re-tank CNG and pipe cooking gas in Jammu cities and also got the VKC bullet train station contracts in December 2022 and donated 56 crore worth of electoral bonds in the same month in the same period. Dear friends, I hope you got the clear idea over electoral bond case. If you are really interested in such videos, don't forget to subscribe the channel and please like, share and hit the bell icon so that you can get more updates on such videos.