Electoral bonds are encashed by an eligible political party only through a bank account with the authorised bank. SBI is the only authorised bank to issue electoral bonds
The trust gave total donations of Rs 363.15 crore to political parties during the year, according to its filing before the Election Commission
Major political parties, including the BJP and the Congress, have submitted the details to the EC
According to the government notification, electoral bonds shall be encashed by an eligible political party only through an account with an authorised bank
It is to be noted that Mizoram and the first phase of Chhattisgarh assembly polls are to be held on November 7
The decision comes amid campaigning for assembly elections in Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram
While hearing arguments on a batch of petitions challenging the validity of the electoral bonds scheme for funding political parties, the bench observed the ECI should have the up to date data
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Mehta, while citing figures, said they showed that whichever party is the ruling party gets more. "This is my reply not the government's reply," he hastened to add
Under the scheme, electoral bonds can be issued or purchased from some authorised branches of the SBI
The BJP received Rs 5,272 crore and the Congress received Rs 952 crore, while the rest went to other parties
Senior advocate Kapil Sibal said the Electoral Bonds scheme is wholly arbitrary and has to be struck down
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The BJP hit back at Chidambaram for his remark, saying it is piteous that Congress opposes any attempts made to ensure a more transparent and democratic political funding system
A five-judge constitution bench of the Supreme Court is scheduled to commence hearing from October 31 a batch of pleas challenging validity of electoral bond scheme for political funding of parties
The bench said the matter will be taken up on October 30, the date of hearing fixed earlier
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The govt on Friday approved the issuance of the 28th tranche of electoral bonds that will open for sale for 10 days beginning October 4
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency to political funding