Directs ECI to publish details shared by bank on website on March 15
SBI was asked to disclose details of electoral bonds encashed by political parties by the Supreme Court from April 2019, by March 13. The bank sought an extension till June 30
'The government in power does not want the names to be declared before the election is over. It is as simple as that,' Sibal said
The SBI contended that retrieval of information from "each silo" and the procedure of matching the information of one silo to that of the other would be a time-consuming exercise
The Association for Democratic Reforms (ADR) has filed a contempt petition in the Supreme Court against the State Bank of India for not complying with the top court's direction
Advocate Prashant Bhushan, appearing for ADR, urged the bench headed by Chief Justice of India DY Chandrachud to hear the plea on 11 March along with SBI's application
A bench headed by Chief Justice D Y Chandrachud on Thursday took note of the submissions by advocate Prashant Bhushan, who appeared on behalf of NGOs
Congress general secretary in-charge communications Jairam Ramesh hit out at the government, saying, "Hide and seek in New India: Nation seeks, Modi hides!"
The BEFI is a union consisting of employees of commercial banks, the Reserve Bank of India, NABARD, regional rural banks and co-operative banks
The State Bank of India (SBI) had on Monday moved the Supreme Court seeking an extension of time till June 30 to disclose details of each electoral bond encashed by the political parties
Kharge said "Modi government is using the largest bank of our country as a shield to hide its dubious dealings through Electoral Bonds."
SBI noted that due to the strict measures taken to ensure the anonymity of the donors, "decoding" the electoral bonds and matching the donors to the donations made would be a complex process
Former High Court judge Justice DSR Varma claimed that two men scammed his family on the pretext of purchasing electoral bonds to fund BJP and promised favours to the family
"Electoral bonds were a scandal, and I am glad that they have now been dropped. I hope there will be more transparency in the support that people give to each other in the electoral context," Sen said
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"In its affidavit to the top court, the commission said it is in favour of transparency and when the order is issued, it will take action as directed by the SC," Kumar said
Before the amendment the Act required a company to disclose any amount contributed to any political party along with the particulars of the amount donated and the name of the receiving party
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"The fact is that the CPI(M) has refused to accept electoral bonds on principle. That is why it did not even open a designated State Bank of India account," the party said
Scrapping electoral bonds is an opportunity for reform