Centre opposes EC's stand in SC on electoral bonds; justifies issuing them

Govt in its fresh affidavit said that the massive amount of political donations were earlier made in cash by individuals or corporates using "illicit means of funding" under the old system

The Centre Wednesday opposed in the Supreme Court the concerns raised by the Election Commission on issuing electoral bonds and justified the changes in law saying it was "a pioneering step" to bring poll reforms "ensuring transparency" and "accountability" in political funding.

The government in its fresh affidavit said that the massive amount of political donations were earlier made in cash by individuals or corporates using "illicit means of funding" under the old system and unaccounted black money was pumped in for financing elections.
 

The Centre's stand is significant as the poll panel in its affidavit said that the changes