The Supreme Court of India has red flagged numerous shortcomings regarding the extremely opaque electoral bonds scheme so enthusiastically promoted by the Centre. The bench headed by none other than the CJI himself has pointed out selective confidentiality about the donor's name ; for instance the State Bank of India or the law enforcement agencies can reveal to the government which entities or individuals have funded opposition parties via the EB route all under the guise of helping investigations relating to corruption , conversely the opposition parties have no means to decipher who has donated to the ruling party. Parliamentary laws permit parties to spend only one crore per constituency for election campaigns. There are 543 Lok Sabha seats in India, assuming that the party fields a candidate in every constituency, the total money it can collect via bonds and other revenue generating means is Rs 543 crores but in the last four years ( 2017-18 to 2021-22) the BJP's war chest has swelled by Rs 5,272 crores via EBs alone. Two aspects are abundantly clear , one the money collected thus is used by the Centre to destabilize non-BJP state governments by purchasing MLAs and the corporate bodies / industrialists who have 'donated' abundantly to the party shall have government policies and statutes formulated / amended to favour their business interests.
