In a bid to clean election financing, the Government today outlined contours of the new electoral bonds that donors can buy from SBI and said receiving political parties can encash only through a designated bank account. The electoral bonds, which are being pitched as an alternative to cash donations made to political parties, will be available at specified branches of State Bank of India (SBI) for 10 days each in months of January, April, July and October.
01-02-2018, 09:42 PM
Government announces contours of electoral bonds for political funding
In a bid to clean election financing, the Government today outlined contours of the new electoral bonds that donors can buy from SBI and said receiving political parties can encash only through a designated bank account. The electoral bonds, which are being pitched as an alternative to cash donations made to political parties, will be available at specified branches of State Bank of India (SBI) for 10 days each in months of January, April, July and October.
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