Supreme Court asks political parties to give details of funding through bonds

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.

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.