New Delhi: Nirmala Sitharaman, Union Finance Minister, has indicated the potential revival of the electoral bonds scheme if her party comes into power, contingent upon thorough consultations with stakeholders beforehand.
While talking to Hindustan Times, she mentioned, “We need to engage in extensive discussions with stakeholders to determine the necessary steps for establishing a framework that is universally acceptable. Our primary aim is to uphold transparency while eliminating any chance of illicit funds infiltrating the system.” However, she also mentioned that the Union government hasn’t made a decision yet on whether they will ask the Supreme Court to reconsider its ruling.
The finance minister has consistently supported the electoral bonds scheme, previously stating it was an improvement over previous methods. She emphasized this during an interview, expressing that the BJP government aimed to enhance transparency in electoral financing. The electoral bonds scheme was initiated by the central government in 2018 to replace cash donations to political parties, with the goal of increasing transparency. However, in February 2024, a five-judge constitution bench ruled the scheme unconstitutional.
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