Topic: GS2 – Indian polity
- The Supreme Court has scheduled a hearing for October 31 to address multiple petitions challenging the electoral bonds scheme.
Additional information on this news:
- Chief Justice of India D.Y. Chandrachud expressed the court’s commitment to decide the case.
- The focus of the hearing will primarily be on two issues related to the electoral bonds scheme: the legalisation of anonymous political donations and the potential violation of citizens’ right to information about political party funding.
- These issues raise concerns about the violation of constitutional articles, including Articles 19, 14, and 21.
- The electoral bonds scheme was passed as a Money Bill, bypassing the Rajya Sabha, and concerns exist about the ability of a seven-judge Bench to deliver a judgment before the 2024 Lok Sabha election.
- The petitioner asserts that the scheme enables unlimited political donations and allows for donor anonymity, making political funding less transparent and raising concerns about potential corruption.
- The court is considering whether tax redemption by donors through the purchase of electoral bonds may impact the scheme’s classification as a Money Bill.