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Politics

Centre defends electoral bonds in SC; says reforms aim to defeat black money

Updated : March 14, 2019 09:35 PM IST

In an affidavit, filed in a writ petition of CPI(M) and its general secretary Sitaram Yechury, the Centre said the electoral bonds were introduced on January 2, 2018 to promote transparency in funding and donation received by political parties.
These can be encashed by an eligible political party only through their authorised bank accounts.
Centre defends electoral bonds in SC; says reforms aim to defeat black money
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