India’s top court on Thursday struck down a scheme that allowed anonymous political donations in the form of electoral bonds, a critical ruling that comes ahead of national elections expected in April.
Electoral bonds have become a key method of political funding, allowing donors to give anonymously through certificates purchased from a bank, but transparency rights activists say the practice reduces accountability in the world’s biggest democracy.
Critics have condemned the campaign financing method as an opaque way to funnel “black money” to parties.—AFP
