MD Sharik, Babu Banarasi Das University, Lucknow, Uttar Pradesh
ABSTRACT
The System of Electoral Financing in our country were not Transparent from the Beginning. There was always some flaws in Electoral financing that Supported Corruption in Back Stage of the Election Campaigns. Therefore, in order to Eliminate the Corruption and inflow of Black Money BJP Government introduced Electoral Bonds. The Electoral Bonds refers to instrument that Aid Political Parties to Generate Funds. This Reform have Superseded the old way of Donation made through cash. Government has clarified that Electoral Bonds will eliminate the flow of Black Money in Election but the Opposition Political Parties are not happy with the new reform. Few Experts have indicated that Electoral Bonds will not be bringing any Transparency in Political Funding but it will make things more complicated because the identity of the donor are kept Anonymous. Two Non- Government Organisation- Common Cause and Association of Democratic Reform (ADR) have filed a plea in Supreme Court of India and asked the court to put stay on Electoral Bonds. This Article will be examine every positive and negative aspect of Electoral Bonds.
