SC strikes down Electoral Bonds Scheme, calls it 'unconstitutional'
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The Supreme Court on Thursday struck down the Electoral Bonds Scheme (EBS) for political funding, saying that it violates the citizens' right to information. The scheme is unconstitutional and may lead to a "quid pro quo arrangement" between political parties and donors, Chief Justice of India DY Chandrachud said in the judgment. Notably, a five-judge SC bench comprising CJI Chandrachud, Justices BR Gavai, Sanjeev Khanna, JB Pardiwala, and Manoj Misra had reserved its judgment in the matter in November 2023.