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Poll bond sale can go ahead: Supreme Court
Why is it in news?
- The Supreme Court refused to stay the sale of electoral bonds prior to the Assembly elections in crucial States such as West Bengal and Tamil Nadu.
Details:
- A three-judge Bench, led by Chief Justice of India, said the scheme began in 2018 and continued in 2019 and 2020 without any impediments.
- The judgment came on an urgent application moved by an NGO, to stay the sale of the bonds scheduled between April 1 and 10.
What are Electoral bonds?
- Electoral bond is an instrument to fund political parties. It is like a promissory note.
- To be eligible for this scheme, the registered political party must secured at least 1% of the votes polled in the last general elections.
Source: The Hindu.