A government source said additional precautionary measures would be put in place to ensure anonymity of the donor. The bonds are also likely to reduce internal corruption within political parties, which get a lot of donations in cash and is usually collected by second- or third-rung leaders.
The finance ministry could suggest a 30-day window for political parties to redeem the proposed Reserve Bank of India (RBI) electoral bonds to prevent misuse.
Measures aimed at reducing black, or unaccounted, money in political funding were one of the highlight of Budget 2017-18 that Finance Minister Arun Jaitley presented on Wednesday. In his Budget