In 2017, India propos­ed these bonds as a transp­arent way for politi­cal fundin­gThe Indian Supreme Court on Friday asked political parties taking part in ongoing elections to provide details of funds received through electoral bonds. In 2017, India proposed these bonds as a transparent way for political funding. Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) has received most of the funds flowing through the bonds, according to a court filing by the Election Commission. Chief Justice Ranjan Gogoi said political parties must submit in a sealed cover precise details of their funding by May 15. Modi is seeking a second term in a mammoth election that began on Thursday.

Source: The Express Tribune April 12, 2019 05:37 UTC