"The idea is to move away from the cash system," Jaitley told reporters. "Electoral bonds will ensure clean money and significant transparency against the current system of unclean money," he said.Under the scheme, political parties will not need to name the donors but declare amounts received. The donor, if a business entity, will have to show the value of bonds purchased in its balance sheets. A very large part of donation coming to political parties by donors, quantum and source is not known.... electoral bonds substantially cleanse the system," he said. An additional period of 30 days shall be specified by the central government in the year of the general election.
Source: Times of India January 02, 2018 21:47 UTC