Electoral bonds sale in October: ADR files plea in Supreme Court for urgent hearing
Days ahead of the Bihar Assembly polls, an NGO has moved the Supreme Court for an urgent hearing on its 2017 PIL vis-a-vis the sale of electoral bonds meant for funding political parties by the State Bank of India in October.
 
In its application, the NGO Association for Democratic Reforms said that right before the Bihar Assembly elections, the SBI in XIV Phase of sale has been authorised to issue and encash electoral bonds through its 29 authorised branches from October 19 to October 28.
 
"That even though a notification, dated January 2, 2018, stipulates the sale of electoral bonds in January, April, July and October of every year; the window was not opened in April and July, but has been opened in October right before the Bihar elections," said the plea.
 
The NGO sought an urgent hearing of its 2017 PIL to challenge the electoral bonds scheme, which hasn't been listed for more than 9 months.
 
Earlier, the NGO had moved the top court with a similar plea for stay on the scheme before the Delhi polls in January this year, but the court declined to grant interim stay on the scheme.
 
However, the top court had sought response from the Centre and the Election Commission within two weeks on the interim application filed by the NGO on January 20. Since then, the matter has not come up for hearing.
 
"That in view of passage of more than 9 months since the last date of hearing of the instant PIL and new developments relating to Bihar elections having taken place, the instant matter requires urgent adjudication by this court. Thus, the petitioners hereby request that the instant PIL be heard on an urgent basis," said the plea filed through advocate Prashant Bhushan.
 
The three-phase elections in Bihar will be held from October 28 to November 7 and the counting of votes will be taken up on November 10.
 
"Certain amendments made through the Finance Act, 2017 and earlier Finance Act, 2016, both passed as Money Bills, and which have opened the doors to unlimited political donations, even from foreign companies, thereby legitimizing electoral corruption at a huge scale, while at the same time ensuring complete non-transparency in political funding," it said.
 
The plea contended that the Finance Act of 2017 had introduced the use of electoral bonds which is exempt from disclosure under the Representation of Peoples Act, 1951, opening the doors to unchecked, unknown funding to political parties.
 
"The said amendments have removed the existing cap of 7.5% of net profit in the last 3 years on campaign donations by companies and have legalised anonymous donations," added the plea. An individual can buy electoral bonds, either singly or jointly in association with other individuals.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User 

    COMMENTS

    s5rwav

    1 month ago

    Secretly Selected Unelected and Unaccounted Judges of India are Shameless Corrupt Crooks who Flourish High Level Political Corruption. I am Babubhai Vaghela from Ahmedabad on Whatsapp Number 9409475783. Thanks.....

    COVID19: Govt extends September re-opening guidelines till 30th November
    The Ministry of Home Affairs (MHA) has issued an order on Tuesday extending the guidelines for re-opening, issued in September, to remain in force till November 30.
     
    Most of the activities outside the containment zones were permitted, some involving large number of people, with some restrictions and subject to SOPs being followed regarding health and safety precautions. These activities include metro rail; shopping malls; hotel, restaurants and hospitality services; religious places; yoga and training institutes; gymnasiums; cinemas; entertainment park and others.
     
    In respect of certain activities, having relatively higher degree of risk of COVID infection, state or UT Governments have been permitted to take decisions for their re-opening, based on the assessment of the situation and subject to SOPs.
     
    These activities include schools and coaching institutes; state and private universities for research scholars; allowing gatherings above the limit of 100 among others.
     
    Meanwhile after the last MHA guidelines in September, activities such as international air travel of passengers, swimming pools being used for training of sportspersons, exhibitions halls for business to business (B2B) purposes, cinemas/ theatres/ multiplexes upto 50% of their seating capacity, social/ academic/ sports/ entertainment/ cultural/ religious/ political functions and other congregations, in closed spaces with a maximum of 50% of the hall capacity and subject to ceiling of 200 persons are also permitted but with restrictions.
     
    "Further decision regarding the above activities will be taken based on the assessment of the situation," said the MHA.
     
    The MHA said that the essence behind graded re-opening and progressive resumption of activities is to move ahead. However, it cautioned, it does not mean the end of the pandemic.
     
    "There is a need to exercise abundant caution by adopting COVID-19 appropriate behaviour by every citizen in their daily routines," the MHA order added.
     
    "There is an urgent need to instill a sense of discipline and ownership amongst citizens in order that the resumption of activities is successful and gains made in the management of the pandemic are not diluted," it read.
     
    The MHA has already advised Chief Secretaries or Administrators of all States or UTs that they should endeavour to promote COVID-19 appropriate behaviour like wearing mask, washing hands and maintaining physical distancing extensively at the grass root levelA
     
    Meanwhile National Directives for Covid-19 management will continue to be followed throughout the country, so as to enforce COVID-19 appropriate behaviour.
     
    Strict enforcement of lockdown in Containment Zones to stay till 30th November. Moreover, Containment Zones will be demarcated by the District authorities at micro level after taking into consideration the guidelines of MoHFW with the objective of effectively breaking the chain of transmission.
     
    "Strict containment measures will be enforced in these containment zones and only essential activities will be allowed.
    Within the containment zones, strict perimeter control shall be maintained and only essential activities allowed.A
    These Containment Zones will be notified on the websites of the respective District Collectors and by the States/ UTs and information will also be shared with MOHFW.
     
    Meanwhile, the MHA strongly stressed once again that any vulnerable person, who is above 65 years of age, persons with co-morbidities, pregnant women, and children below the age of 10 years should stay at home, except for meeting essential requirements and for health purposes.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • Like this story? Get our top stories by email.

    User 

    RBI Governor Das tests positive of COVID-19, to work from isolation
    Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said that he has tested positive of novel coronavirus infection.
     
    Das, however, said that he is asymptomatic and is feeling alright.
     
    "I have tested COVID-19 positive. Asymptomatic. Feeling very much alright. Have alerted those who came in contact in recent days," he said in a tweet.
     
    The governor said that he would continue to work from isolation and assured that the central bank's work will not be impacted.
     
    "Will continue to work from isolation. Work in RBI will go on normally. I am in touch with all Dy. Govs and other officers through VC and telephone," he said.
     
    Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
  • User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone