India’s publishes election donation data after court order

India’s publishes election donation data after court order
India’s publishes election donation data after court order

Hello and welcome to the details of India’s publishes election donation data after court order and now with the details

Nevin Al Sukari - Sana'a - Bharatiya Janata Party (BJP) supporters attend a rally by India’s Prime Minister Narendra Modi (not pictured) at the Bakshi Stadium in Srinagar, March 7, 2024. — Reuters pic

MUMBAI, March 15 — India’s election commission yesterday published details of millions of dollars worth of political donations, confirming the immense financial advantage of Prime Minister Narendra Modi’s party weeks out from national elections.

Electoral bonds have been a key method of political funding, allowing donors to give anonymously through certificates purchased from the State Bank of India (SBI).

But last month India’s top court struck down the scheme as unconstitutional, saying it violated the right of voters to know who was financing parties.

Thursday’s data showed that Modi’s Bharatiya Janata Party (BJP) was far and away the single biggest recipient from April 2019 to January this year.


The BJP had received slightly less than 48 per cent of all election bonds cashed by parties up to March 2023, amounting to around US$730 million (RM3/4 billion).

Congress, India’s main opposition party, had by contrast received around US$171 million in the same timeframe, or 11 per cent of the total.

Some of India’s top blue-chip companies figure on the list of those who bought bonds, including numerous bonds bought in the name of Indian magnate Lakshmi Niwas Mittal, the UK-based executive chairman of multinational steel manufacturer ArcelorMittal.


Other donors include Indian mining giant Vedanta and Bharti Airtel, the country’s second-biggest telecommunications company.

More than half of all donations received by political parties since 2018 came in the form of electoral bonds, according to the Association for Democratic Reforms (ADR) advocacy group.

Critics said the scheme reduced transparency by leaving the public unable to scrutinise whether donors had received political favours.

They also feared it gave the government the power to see who was funding opposition parties by accessing donor details through through the state-owned SBI.

Thursday’s data release still does not map electoral bond buyers to recipients, leaving it unclear which individual and corporate donors were funding which parties.

Election authorities are expected to call national polls in the coming days, with Modi and the BJP strongly favoured to win a third term.

Along with the BJP’s opinion polling lead and vastly larger campaign war chest, Modi remains widely popular with the public after a decade in power. — AFP

These were the details of the news India’s publishes election donation data after court order for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Total solar eclipse: North Americans celebrate with cheers, music and matrimony
NEXT Amnesty International urges Israel to return body of ailing Palestinian who died in custody

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]