Friday, May 24

Tag: Electoral Bond

Democracy’s Currency: A Guide to Electoral Bonds
Banking

Democracy’s Currency: A Guide to Electoral Bonds

Introduction: Welcome to a simplified guide to understanding an essential aspect of democracy - Electoral Bonds. In this blog, we'll explore what Electoral Bonds are, how they function, and their significance in the electoral process. What Is Electoral Bond? Electoral bonds are a type of financial instrument that people use to donate to political parties. Notified banks issue them, and any Indian citizen or company incorporated in India can buy them. Electoral Bond Scheme: The Electoral Bond Scheme, introduced by the Government of India in 2018, aims to bring transparency to political funding while safeguarding the privacy of donors. Under this scheme, individuals and organizations can purchase bonds from specified branches of authorized banks in India. How do Electoral Bonds Wor...