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Authored by - Arpit (Intern at Legal Soch Foundation)
This news deals with the response of Congress leader P. Chidambaram to the issuance of the 28th tranche of electoral bonds, which was approved by the Centre.
Keywords - Electoral Bonds, Legalised Bribery, Political Parties, BJP
On Saturday September 30, 2023, senior Congress leader Palaniappan Chidambaram interrelated electoral bonds with corruption and outlined electoral bonds as “legalised bribery”. He also raised serious concerns about the opening of new tranche on October 4 and stated that this opening of the tranche will be a “golden harvest” for the Bharatiya Janata Party (BJP) before the forthcoming elections.
The statement was given by P. Chidambaram, in a post on X, in responses to the issuance of the 28th tranche of electoral bonds that will open for sale for 10 days beginning 4th of October. This will also be a great advantage to the BJP as assembly elections in five states are ahead namely Chhattisgarh, Mizoram, Telangana, Madhya Pradesh and Rajasthan.
Except Madhya Pradesh, in all the four states there is non BJP government and it is crucial for the BJP to win these four states ahead of the General Elections of 2024. He said, if we look at the past of BJP, 90% anonymous donation will go to BJP’s account and crony capitalists will open their cheque books as tribute to the centre.
The opposition made strong allegations on Narendra Modi Government by saying that this electoral bonds scheme is a “diabolical act” of the centre which affects the democracy and sabotage the electoral system of India.
State Bank of India was the first bank to issue electoral bonds in March 2018. It is an alternative to cash donations made to political parties to bring transparency. These electoral bonds are available for Indian citizens and incorporations. Political Parties who have secured not less than 1% votes polled in last Lok Sabha or Legislative Assembly are eligible to collect fundings through these bonds.
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