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Nations grappling with use of black money in polls, electoral bonds scheme aimed at eradicating it: Centre to Supreme Court

IndiaTimes Wednesday, 1 November 2023
The Indian government has defended the use of electoral bonds to tackle the issue of black money in elections. The Solicitor General argued that the scheme was a conscious attempt to eradicate unclean money from the electoral process. He highlighted the government's efforts to digitize payments and crack down on shell companies. The Supreme Court is currently hearing arguments challenging the validity of the electoral bonds scheme. Critics argue that the scheme benefits the ruling party and undermines transparency in political funding. The hearing will continue on Thursday.
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