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Business Headlines : Electoral Bonds or BJP Bonds? The reason behind SC’s big verdict

The Supreme Court, after reserving its order on Thursday on a PIL challenging the ruling government’s electoral bond scheme for political funding, directed all political parties to furnish receipts of such bonds and details of identity of donors in a sealed cover to the Election Commission just today. This order, pronounced by a bench comprising Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna would have come as a rude awakening to the incumbent BJP party who benefitted the most from its well thought out scheme to aid its election funding. We explain what an Electoral Bond is, why it was introduced, what the controversy is surrounding it and what was the reason behind the Supreme Court’s big decision today.

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