{"id":89889,"date":"2019-11-22T18:25:56","date_gmt":"2019-11-22T12:55:56","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11839"},"modified":"2019-11-22T18:25:56","modified_gmt":"2019-11-22T12:55:56","slug":"electoral-bonds-more-than-91-donations-over-rs-1-crore-each","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/electoral-bonds-more-than-91-donations-over-rs-1-crore-each\/","title":{"rendered":"Electoral bonds: More than 91% donations over Rs 1 crore each"},"content":{"rendered":"\n<p><strong>News: <\/strong>According to RTI documents, electoral bonds with denomination of Rs 1 crore accounted for more than 91% of the Rs 5,896 crore raised&nbsp; between March 1, 2018 and July 24, 2019.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About Electoral Bond Scheme<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>It is a non-interest bearing financial instrument which can be used by people\/company incorporated in India for funding eligible political parties. The government had notified the Electoral Bond Scheme in 2018.<\/li><li><strong>Aim:<\/strong> To ensure transparency in political parties.<\/li><li>&nbsp;<strong>Eligibility of Political Parties<\/strong>: Only those political parties who are registered under Section 29A of the Representation of the People Act, 1951 and has secured no less than 1% votes in the last Lok Sabha elections or the State Legislative Assembly are eligible to receive electoral bonds.<\/li><li><strong>Eligibility of Donors:<\/strong> Electoral bonds may be purchased by a citizen of India or entities incorporated or established in India.<\/li><\/ul>\n\n\n\n<p><strong>Functioning of the Scheme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The electoral accounts are issued by the State Bank of India (SBI). The electoral bonds can be purchased in the months of January, April, July and October.<\/li><li>Political parties are allotted a verified account by the Election Commission and all the electoral bond transactions are done through this account only.<\/li><li>The donors can buy electoral bonds and transfer them into the accounts of the political parties as a donation. The electoral bonds are available in denominations from Rs 1,000 to Rs 1 crore. The name of the donor is kept confidential.<\/li><li>The bonds remain valid for 15 days. They can be encashed by an eligible political party only through a bank account with the authorised bank within that period only<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: According to RTI documents, electoral bonds with denomination of Rs 1 crore accounted for more than 91% of the Rs 5,896 crore raised&nbsp; between March 1, 2018 and July 24, 2019. Facts: About Electoral Bond Scheme It is a non-interest bearing financial instrument which can be used by people\/company incorporated in India for funding&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/electoral-bonds-more-than-91-donations-over-rs-1-crore-each\/\">Continue reading <span class=\"screen-reader-text\">Electoral bonds: More than 91% donations over Rs 1 crore each<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1234],"tags":[6978],"class_list":["post-89889","post","type-post","status-publish","format-standard","hentry","category-polity-current-affairs","tag-electoral-bond-scheme","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704496897},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/89889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=89889"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/89889\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=89889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=89889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=89889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}