Union Government finalising Electoral Bonds Scheme

Posted on:30 Sep 2017 09:43:46
Union Government finalising Electoral Bonds Scheme
30 September 2017 Current Affairs: The Union Government is finalizing electoral bonds scheme in order to bring greater transparency in the funding of political parties.

The scheme was announced in 2017-18.

According to Association for Democratic Reforms (ADR), most political parties use lax regime on donations to accept cash donations from anonymous sources.

Nearly 70% of Rs.11,300 crore in party funding over an 11-year period came from unknown sources.

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