Politics

Electoral Bonds: Supreme Court’s Major Twist To SBI

Yesterday, SBI disclosed the purchase and redemption details of electoral bonds as per the orders of the Supreme Court.

Now, the Supreme Court directed SBI to disclose electoral bond numbers, revealing the link between donors and political parties.

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In the published details, only donors and their donated amounts were mentioned. Now, the Supreme Court asked the donors to reveal the parties they have donated to. If this happens, people get to know which party got money from which company. SBI has to come up with a response by March 18.

In yesterday’s disclosed details, Future Gaming and Hotel Services invested the highest amount in electoral bond purchases, valued at Rs. 1368 crore.

BJP was the biggest beneficiary of the electoral bonds, securing Rs. 6566 crores. Congress is in the second position with donations of Rs. 1123 crores.

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Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

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