New Delhi: On Friday, the Supreme Court asked all political parties of the country to disclose details to electoral bonds to the Election Commission of India (ECI). To be noted that a bench headed by the Chief Justice of India (CJI) Ranjan Gogoi also asked the parties to give details of their bank accounts and donations till May 15. It is needed to mention here that the apex court directed the parties to submit details by May 30. The parties are required to submit detail till May 15 in a sealed envelope.

Meanwhile, Here it is to be noted that on Thursday, the Centre told the Supreme Court that the government's electoral bond scheme for political funding is a "policy decision" and it can't be "faulted" for taking it. The court had reserved the decision on the petition challenging the electoral bond scheme for today.

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However it is worth mention here that the NGO, which has challenged the validity of the scheme, has sought interim relief including that either the issuance of electoral bonds be stayed or the names of the donors be made public to ensure transparency in the poll process. To be noted that attorney General K K Venugopal, appearing for the Centre, supported the scheme saying the purpose behind it is to eliminate the use of black money in elections. To be noted that Electoral bonds were introduced by the Modi government in the last fiscal as an alternative to cash donations made to political parties.

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