By Muslim Mirror Staff
NEW DELHI : Renowned economist Parakala Prabhakar has projected that the “Electoral bond issue” will cost the ruling Bharatiya Janata Party heavily. Prabhakar, who is the husband of Union Finance Minister Nirmala Sitharaman, said “The electoral bond issue will gain much more momentum than what it is today.”
Everybody is now understanding that it is not only the biggest scam in India but is the biggest scam in the world. Because of this issue, this government will be severely punished by the electorate,” reported LiveMint..
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The Apex court while scrapping the Electoral Bond Scheme, termed the scheme as “Unconstitutional and has asked the SBI to submit the details and make them public.
Prime Minister Narendra Modi-led BJP has remained the major beneficiary of the electoral bonds as per the data available on the official website of the Election Commission of India.
BJP received the maximum funds via electoral bonds at ₹6,986.5 between April 12, 2019 till 15 February 2024, followed by West Bengal’s ruling party Trinamool Congress ( ₹1,397 crore), Congress ( ₹1,334 crore), and Bharat Rashtra Samithi ( ₹1,322 crore).
After the disclosures, the opposition parties have dubbed the electoral bonds as legalised corruption, while the BJP has said scrapping the bonds could lead to the return of black money in politics.
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