SBI refuses to disclose communication from RBI, government on electoral bonds, terms it 'personal info'
The bank also refused to give any details of action taken by it on such communications from the RBI and the government.
The State Bank of India in the 6th phase of sale had been authorised to issue and encash electoral bonds through its 29 authorised branches from November 1-10, 2018.
In April, most electoral bonds were sold in Mumbai at Rs 694 crore, followed by Rs 417.31 crore in Kolkata, Rs 408.62 crore in New Delhi and Rs 338.07 crore in Hyderabad among other cities.
The Centre on Wednesday reduced the time period for sale of electoral bonds in the current month to five days instead of 10 days as was announced earlier.
BSP supremo Mayawati tweeted that the BJP had suffered another major jolt and a shameful defeat in the apex court.
Congress hails SC order on electoral bonds, says transparency in political funding must be adhered to
Congress spokesperson Priyanka Chaturvedi took a swipe at the BJP and said the judgement would bring out the 'nexus' between the saffron party and its 'suited-booted friends'.
Political parties have to submit details of identity of donors, amount in account of donors by May 30 in sealed cover to the poll panel.
During the hearing, the Centre and the Election Commission of India (ECI) took contrary stands in the Supreme Court over political funding.
Making its submission in this regard to the apex court, the Centre justified why anonymity is a positive step in countering the flow of black money in the system.
Highlighting the problem of black money in elections, Jaitley said as per reports Rs 1,500 crore has been seized as a result of initiatives taken by the Election Commission and revenue authorities.
Advocate Prashant Bhushan, appearing for NGO Association of Democratic Reforms (ADR), alleged that thousands of crore are anonymously being given to political parties.
The BJP-led NDA government had announced electoral bonds in the earlier budget, claiming that the scheme would clean up political funding.
Electoral bonds, introduced in 2018 to usher in a culture of clean political funding in the country, may be defeating the very purpose, according to the Election Commission of India.
Electoral bonds are being pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.
The government had notified on January 2, 2018, the Electoral Bond Scheme to cleanse the system of political funding in the country.