Supreme Court Refers Electoral Bond Scheme Challenge to Constitution Bench
In a significant development, the Supreme Court of India has referred the petitions challenging the validity of the electoral bond scheme for political funding to a five-judge Constitution bench. This move reflects the court’s recognition of the importance and complexity of the issue at hand. The bench will commence hearing the case on October 30, according to a report by PTI.
Chief Justice of India DY Chandrachud made the announcement, stating, In view of the importance of the issue raised, and with regard to Article 145(4) of the Constitution of India, the matter be placed before a bench of at least five judges. The matter will be retained on October 30, 2023, as reported by Bar and Bench.
The electoral bond scheme, introduced in 2018, aims to streamline the process of political donations by allowing individuals and corporate entities to purchase bonds from authorized banks and then donate them to political parties of their choice. However, critics argue that this scheme undermines transparency and accountability in political funding.
The decision to refer the petitions to a Constitution bench implies that the court recognizes the need to carefully examine the constitutional validity and implications of the electoral bond scheme. This move is likely to spark intense debates and discussions on the nature of political financing and the influence of money in politics.
Proponents of the electoral bond scheme argue that it promotes legitimate and legal channels for political donations, allowing individuals to support their preferred political parties without fear of reprisal. They contend that the scheme has simplified the process and reduced the dependence on cash donations, thereby curbing the flow of black money into the political system.
However, critics voice concerns about the lack of transparency surrounding the scheme. They argue that it facilitates undisclosed donations and opens the door for potential corruption, as the identities of donors are not made public. Moreover, they claim that the scheme gives undue advantage to ruling parties by providing them with a means to receive significant funds without scrutiny.
The Supreme Court’s decision to refer the petitions to a Constitution bench indicates a recognition of the significance and complexity of this issue. It is a crucial step towards resolving the legal challenges surrounding the electoral bond scheme and addressing the larger questions of transparency and accountability in political financing.
As the hearing begins on October 30, all eyes will be on the Supreme Court as it navigates through the various arguments put forth by both sides. The outcome of this case will undoubtedly have a profound impact on the future of political funding in India and could potentially reshape the country’s electoral landscape.
