Supreme Court Strikes Down Electoral Bonds Scheme
February 2024
The Supreme Court's unanimous decision to strike down the electoral bonds scheme as unconstitutional marked a significant development in campaign finance reforms. The court held that the scheme violated the right to information and created an information asymmetry between the ruling party and opposition parties. This judgment has reopened debates about transparent political funding mechanisms and the need for comprehensive campaign finance reforms. The decision impacts the broader electoral reform agenda by emphasizing the importance of transparency in political funding while highlighting the ongoing challenges in regulating money power in elections.
UPSC Angle: Expected questions on campaign finance reforms, transparency in political funding, and the balance between donor privacy and public right to information. Likely to appear in both Prelims and Mains questions about recent electoral developments.