PM Modi Defends Electoral Bonds, Congress Labels Scheme ‘Legalized Extortion’

Posted by

PM Modi Defends Electoral Bonds, Congress Labels Scheme 'Legalized Extortion

Prime Minister Narendra Modi, in a recent interview with Thanthi TV, staunchly defended the electoral bonds scheme, amidst criticism from opposition parties. Modi contended that the scheme has brought transparency to political funding, allowing for the tracking of donations. His comments come after the Supreme Court’s declaration of the scheme as unconstitutional earlier this year. Modi dismissed the notion that the controversy surrounding electoral bonds posed a setback to his government, suggesting that critics would eventually regret their stance.

The Congress party, represented by Gaurav Gogoi, has attacked the scheme, dubbing it “legalized extortion.” Gogoi accused the scheme of formalizing kickbacks, drawing a parallel with demonetization – both initiatives stemming from the Prime Minister’s Office. Further criticisms arose from Delhi minister Atishi, who urged the BJP to allocate funds received through electoral bonds towards public welfare, instead of election campaigning.

The Supreme Court’s February 2024 ruling scrapped the electoral bonds scheme, originally introduced by the BJP-led government to enable anonymous donations to political parties. This decision has spurred the Election Commission of India to publicize details of electoral bonds, revealing that many donors embroiled in criminal investigations were among the top contributors.

Notably, high-profile individuals and corporations have been listed as significant donors in the electoral bonds data released by the ECI. Among them, ArcelorMittal’s Lakshmi Mittal and Reliance Industries’ Laxmi Das Vallabhdas Merchant emerged as top donors, exclusively contributing to the BJP. The scheme’s transparency has laid bare the financial conduits between big business and political parties, igniting debate over the integrity of political funding in India.

Leave a Reply

Your email address will not be published. Required fields are marked *

  • best ssc online coaching website

Prep on the Go! – Turn Every Moment into an SSC Learning Opportunity with MyEntrance. Learn in the Office, at Home, or While Traveling. Visit: www.myentrance.in

Stories

Launching Soon: The Future of News with Our E-Newspaper

In the ever-evolving landscape of media and technology, we are thrilled to announce the upcoming launch of our innovative e-newspaper, set to redefine the way news is consumed in the digital age. Embracing the convenience and accessibility that the digital world offers, our e-newspaper aims to deliver real-time news updates, insightful articles, and interactive features directly to your devices. With a commitment to journalistic integrity and a passion for storytelling, we are dedicated to keeping you informed, engaged, and connected, no matter where you are. Stay tuned for the launch of our e-newspaper, where the future of news awaits at your fingertips.

  • nift nid online coaching institute

Best Online Coaching Website for NID, NIFT, FDDI Exams. Learn from a wide range of topics!
Visit: www.myentrance.in

Rashmika Mandanna’s Style Evolution Essential Facts About Drinks and Hydration Intriguing Facts About the Solar System Aishwarya Rai’s Stunning Looks in “Ponniyin Selvam” 3 Key Facts About Healthy Food