According to a recent report, Prime Minister Narendra Modi’s office allegedly encouraged the Finance Minister to approve the sale of Electoral bonds against its own rules before vital state polls.
Electoral bonds were established by the Central Government on January 29, 2018. This scheme allows any Indian citizen or corporation of India to buy the bond which is more like a promissory note from any of the state bank branches and then make a donation of the same to any of the political party of its choice. The government-specified four 10-day windows in January, April, July and October each year when the State Bank of India (SBI) would sell these bonds to donors in 2018. And the latest reports suggest that Narendra Modi’s office allegedly sanctioned for an illegal sale of the same breaking the rules made by the election commission according to reports. The party’s annual reports show that it’s 95% of donations were made through this channel. This whole news has got the Twitterati talking about it.
The introduction of Electoral bonds raised a lot of concerns right from the beginning. After much deliberation, the Supreme Court had ordered that such bonds be notified with the election commission who will have a detailed record of the same. The bond maintained the anonymity of the people donating into the account allowing them to not mention the source of their money. Another limitation that was removed was the limit of money that can be donated by the corporation giving them an opportunity to flow in limitless money for the political party.
Here is how Twitterati reacted to the news:
Prime Minister Narendra Modi's office directed the finance ministry to break its own rules to approve the special and illegal sale of electoral bonds just before critical state assembly elections.#ElectoralBonds #CorruptModi https://t.co/xlJHrX4dZV
— Dr Jwala Gurunath (@DrJwalaG) November 20, 2019
#ElectoralBonds Investigations 2: Modi govt lobbied secretly and mislead the Election Commissioners, hoping they would drop opposition to the bonds. When it failed, it lied to the Parliament. Caught doing so once, it lied again, and again. https://t.co/h6KQgYZQd7
— Nitin Sethi (@nit_set) November 19, 2019
#ElectoralBonds Investigations Part 3: In the desire for more political funds, Prime Minister Modi’s Office ordered illegal sale of Bonds. Finance Ministry did it once as an exception. Then as a habit. https://t.co/rEsqUIxqHO
— Nitin Sethi (@nit_set) November 20, 2019
'IT is the beginning of an end…They (BJP) lost an opportunity of making strong and constructive decisions for the country and he (Modi) lost the chance to live in people's hearts & nation's memory', mused my mother after reading stories on #ElectoralBonds by @nit_set n others https://t.co/Lgk4pqEDil
— Anant Prakash (@Anantprakash21) November 20, 2019
— Janaki Krishnan (@janaki007) November 20, 2019
— Sushmita Pandey (@sushmita911) November 20, 2019
Declare your money and pay tax on it or well jail you,
OR just give it to us and no harm will come to you.
And they collected 95% of the EB funding.
— Sean Singh (@_sean_singh_) November 20, 2019
From #demonetisation to Electoral Bonds, the biggest beneficiaries have been the BJP & it's crony capitalists. Every Govt Institution is rigged, every Govt policy is rigged. Every dissent is suppressed.#Election2019 were rigged too, without an iota of doubt
— cautelous (@numbthedroll) November 20, 2019
— Tax Slave #Free Assange (@umami5th) November 20, 2019
— JOKER (@smarz_143) November 20, 2019
— A (@BharatyaNagrik) November 20, 2019
— Parth MN (@parthpunter) November 20, 2019