Electoral bond-like new scheme likely after Lok Sabha 2024 polls: Report
On February 15, electoral bonds scheme was struck down by the Supreme Court as unconstitutional
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The government is reportedly working on a new scheme for funding political parties which would be an alternative to the electoral bonds scheme that was struck down by the Supreme Court earlier this year.
What will new scheme for funding political parties include?
A report by Mint cited two sources aware of the discussions in the government, saying the new scheme will “address the concerns” the apex court had pointed out while striking down the electoral bonds scheme.
When will the new scheme replacing electoral bonds scheme be launched?
The report cited unnamed sources as saying that the new scheme is expected to be introduced after the Lok Sabha 2024 polls.
Voting for 543 seats in Lok Sabha will be held in seven phases from April 19 to June 1. The counting of votes and announcement of results is scheduled for June 4.
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