More than Rs 6,000 crore worth of electoral bonds have been sold in 12 cycles since January 2018, 55 per cent of these in 2019-20, but which parties received how much will only become clear by October 2020 when political parties’ audit reports are due.
Electoral bonds were introduced by the central government in January 2018 with the purported aim to check the flow of unaccounted money into--and improve the financial transparency of--India’s political system.
However, their effectiveness for these purposes, and the scope for their misuse, have been