Asia/South Asia
5 years ago

India's top court asks political parties to give details of funding through bonds

A man walks inside the premises of the Supreme Court in New Delhi, India, July 17, 2018. Reuters/File photo
A man walks inside the premises of the Supreme Court in New Delhi, India, July 17, 2018. Reuters/File photo

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The Supreme Court on Friday asked political parties taking part in ongoing elections to provide details of funds received through electoral bonds.

In 2017, India proposed these bonds as a transparent way for political funding. Prime Minister Narendra Modi’s ruling Bharatiya Janata Party has received most of the funds flowing through the bonds, according to a court filing by the Election Commission, Reuters reported.

Chief Justice Ranjan Gogoi said political parties must submit in a sealed cover precise details of their funding by May 15.

Modi is seeking a second term in an mammoth election that began on Thursday.

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