Ministry of Finance Sale of Electoral Bonds at Authorised Branches of State Bank of India (SBI) Posted On: 28 FEB 2019 Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02ndJanuary 2018. As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined… Read More »
Ministry of Finance Sale of Electoral Bonds at 29 Authorised Branches of State Bank of India (SBI) with effect from 01st October, 2018 to 10th October, 2018. The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018. As per provisions of the Scheme, Electoral Bonds may… Read More »
Ministry of Finance Government clarifies the in-built security features of the Electoral Bonds Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the serial number with anybody, including the Government and users Posted On:… Read More »
Why Electoral Bonds are Necessary Ministry of Finance Why Electoral Bonds are Necessary Posted On: 07 JAN 2018 3:19PM by PIB Delhi Following is the text of the Article written by the Union Finance Minister, Shri Arun Jaitley on Necessity of Electoral Bonds: “India is the largest democracy in the world. However, despite strengthening various… Read More »
The Government of India notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument; Bond(s) would be issued/purchased for any value, in multiples of Rs.1,000, Rs.10,000, Rs.1,00,000, Rs.10,00,000 and… Read More »
Finance Minister Arun Jaitley on Sunday said the Centre would shortly announce the nature of the electoral bonds scheme. “This year, before the budget was being prepared, the prime minister had told us to take some steps in the budget to cleanse the political parties, and out of that the electoral bonds scheme was born,”… Read More »