Basis of living democracy.

The Supreme Court's decision to ban the electoral bond scheme is significant from both an immediate and a long-term perspective. Not only will this have an immediate impact on donations to political parties and their practices, it also underlines the importance of transparency in politics and the public's right to information in a democracy. The well-timed strike by the Supreme Court on the election bond has raised eyebrows across the world about the still-intense vitality of the Indian judiciary. Especially in the countries where Prime Minister Modi continues to enjoy hospitality by displaying his unlimited royalty, all the countries have realized that the Constitution is supreme in India and not Modi. Sarvapari means above all, above none.

In this decision, which came shortly before the Lok Sabha elections, the Supreme Court not only declared the changes in the law to issue electoral bonds unconstitutional, but also added time limits along with measures to mitigate the effect of these provisions. According to the decision, all details regarding donations received through electoral bonds after April 12, 2019 should be disclosed on the Election Commission's website by March 13, 2024. This means that this decision may have some direct or indirect impact on the campaign style of political parties in the likely elections in April-May. Electoral bond was a scheme to legitimize under table money on the table which is now a history. The scheme presented an opportunity to the seeking business houses for the corporate sector to make any government a plaything. Now the curtain has fallen on it.

But the greater significance of the decision lies in the fact that it has once again clarified the guiding principles of electoral reforms. Note, one of the arguments in favor of the electoral bond scheme was that it would weaken the tendency to donate cash to political parties. In this regard, the Supreme Court's decision needs to show that the basic thing is to be transparent and citizens should know who is giving money to political parties. Now when the people have to see how Letideti works, it is natural that both the giver and the receiver will shake their hands. There will be a knock. A new guilt will enter in the dealings of both. The court transferred the statesmen from the fort to the kachghar where everything could be seen across, out of loyalty to the people.

If the opposition parties seem very excited about this decision, there is a reason for it. He felt that the electoral bond scheme was motivated by an alleged motive to divert the flow of funds to the ruling party and dry up its sources. He also says that for this reason the government ignored the opinion of the Reserve Bank and the Election Commission. For one thing, India's opposition goes through a very miserable pasture. At such a time, court orders like Sawaya opposition give hope to the people that this democracy will survive. e. S. In 2017, the Reserve Bank warned that shell companies could misuse electoral bonds for money laundering. After that E. S. In 2019, the Election Commission also termed the scheme as a step backwards in terms of transparency in donations.

However, the Supreme Court's decision has once again established that in a democracy all parties are equal and answerable to the people. A secret collusion with a corporate giant of any party is not acceptable to the Constitution or to the people. Overall, apart from allegations and counter-allegations, the decision addressed complaints that, according to some, were affecting the fairness of the electoral process. In this sense, this decision has increased the credibility of democracy and should be welcomed. This is a very severe attack on the political parties and especially the ruling party in the last nine-ten years, so it will take time for the leaders to digest it. The NDA government i.e. BJP and its allies should make a positive statement every day to hail this decision but there is silence in their camp as their desire to turn the election into a fundraising fest has turned ice cold.