“That the electoral Bonds scheme has opened the floodgates to unlimited corporate donations to political parties and anonymous financing by Indian as well as foreign companies which can have serious repercussions,” the plea read.

However, the Supreme Court had dismissed the applicationBar and Bench reported.

Kanhaiya Kumar’s RTI query

Right to Information query filed by activist Kanhaiya Kumar revealed that the State Bank of India had sold electoral bonds worth Rs 1,213 crore in January, out of which bonds worth Rs 784.84 were encashed in the New Delhi branch.

Kumar stated that the value of the bonds sold this time was the highest ever in the run-up to Assembly elections in Goa, Punjab, Uttarakhand, Manipur and Uttar Pradesh since the beginning of the electoral bond scheme in 2018.

According to The Hindu, the amount of Rs 1,213 crore was nearly double that sold before the last Assembly elections in April 2021 (Rs 695 crore).

The next Assembly elections in Himachal Pradesh and Gujarat are expected to be held in December.