Analysing Electoral Bonds
summary
Electoral bonds replace prior disclosure with a bearer‑style instrument that legalizes large, opaque donations by amending four laws and removing the companies act 7.5% cap and donor disclosure, while changing foreign‑source rules to let subsidiaries give unlimited funds. RBI and Election Commission formally oppose the scheme; forensic testing finds a unique alphanumeric code under UV; SBI collects KYC yet refuses to share it; roughly 95% of bonds go to the ruling party in year one, later about 70%, totaling ₹8–9 thousand crore so far.
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chapters (10)
- 0:00Electoral Bonds scheme
- 1:52Legal amendments vs transparency
- 4:22RBI and EC opposition
- 6:49Anonymity and traceability flaws
- 9:20Electoral bonds favor ruling parties
- 12:33Supreme Court challenges
- 18:41Consequences for democracy
- 19:44Public vs state funding
- 27:05Corporate funding before bonds
- 30:17Global precedents