Election Commission expresses reservations on donations via Electoral bonds

EC submits affidavit in Supreme Court, says electoral bonds will impact transparency of political funding

The amendments made by the central government to exclude reporting of donations received by political parties via electoral bonds   will have “serious repercussions on the transparency aspect of political funding of political parties,” the Election Commission of India (ECI) has told the Supreme Court.

In an affidavit submitted to the top court, the ECI has said that since the donations made through electoral bonds have been taken out of the compulsory reporting norms thorough changes made in the Finance Act of 2017 and subsequent changes made in the Income Tax Act as well as the Representation of People Act.

“In