Detailed Discussion on the Electoral Bond Scheme by Association for Democratic Reforms (ADR)

On 4th September 2017, ADR filed the petition challenging the Finance Act, 2017-Electoral Bonds and Removal of the Company's Limit to Donate- in the Supreme Court. ADR was the first and leading petitioner.
On 15th February 2024, a five-judge Constitution Bench of the Supreme Court of India gave a landmark judgment holding the anonymous, unregulated and unlimited funding through electoral bonds and companies as unconstitutional.
In this video, ADR discusses the Electoral Bond Scheme in depth.
Moderator: Prof Trilochan Sastry (Chairman, Founder Member & Trustee of ADR)
Speakers:
1. Prof Jagdeep Chhokar (Founder Member & Trustee of ADR)
2. Maj Gen Anil Verma (Retd) (Head of ADR)
3. Ms Shivani Kapoor (Program Lead & Manager (Legal), ADR)
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3:52 What are Electoral Bonds?
7:23 What are the reasons the Government gave for introducing these Electoral Bonds?
10:15 Why did the petitioners challenge the Electoral Bonds?
15:12 What is the Supreme Court on Electoral Bond Scheme?
16:27 Why is electoral funding important?
18:35 What were the events that triggered Electoral Bonds?
24:18 Before the Electoral Bonds, there was political funding, so what was the earlier system? Did that earlier system stop, or did it continue in parallel with the Electoral Bond Scheme?
29:25 What did the Supreme Court say about Electoral Bonds removing black money?
31:16 How did the court argue the issue of the Right to Privacy of the donor versus the Right to Information of the voter? What were the Constitutional issues?
33:13 Are we going to regress back into the old bad system of cash and black money now that Electoral Bonds have been struck down?
38:26 The Electoral Bond Scheme involved the amendment of four laws. What were those four laws?
39:26 What is a Money Bill? What is a Finance Act?
40:28 Why Electoral Bond Scheme was introduced as a Money Bill?
48:05 What were the four amendments introduced in the Finance Act 2017?
51:49 How do we tackle the issue of black money?
1:01:27 A lot of unaccounted money may be several-fold higher than what is accounted for has been operating with and without electoral bonds, so what are the thoughts on this?
#ElectoralBondScheme #ElectoralBonds #ElectoralBond #SupremeCourt

[@shadabqureshi6283]

India Owe you ADR. Love from Mumbai ❤

[@agaming6799]

ADR जैसी संस्थायें जब तक देश me है ,तब तक हम सब की उम्मीदे भी है।

[@adeetibiswas4526]

🙏

[@rajk7007]

It will be further more interesting if we tabulate the contributions from the companies under IBC - both from buyers and sellers. One must remember that under IBC, many companies have got bought out at heavy discounts at the cost of the bank-deposit holders. The banks had to take huge hair cuts.