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Govt approves 14th tranche of electoral bonds; sale closes on October 28

The Election Commission of India (ECI) accorded 'no objection' from the Model Code of Conduct (MCC) angle on October 15 with certain conditions, a finance ministry statement said

Electoral bonds for political donations likely to fail the tax test

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Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

Press Trust of India New Delhi

2 min read Last Updated : Oct 16 2020 | 10:33 PM IST

Ahead of the Bihar election, the government on Friday approved the 14th tranche of electoral bonds which will be open for sale between October 19 to October 28.

The Election Commission of India (ECI) accorded 'no objection' from the Model Code of Conduct (MCC) angle on October 15 with certain conditions, a finance ministry statement said.

As per the ECI, "no political functionary shall make any reference in this regard during any public speech or communication to the press or public in the constituencies going for poll; and the relevant provisions of Model Code of Conduct issued by the Election Commission shall

Topics : Electoral Bond Centre Finance Ministry Election Commission of India sbi

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