While opposition parties like TMC and DMK are welcoming the SC verdict striking down the electoral bond scheme, the same parties are major beneficiaries of the scheme
The CJI while pronouncing the judgment, stated that the Union of India had "failed to establish least restrictive measures of the Electoral bonds scheme for political funding."
Raghuram Rajan claimed that as government can find out who donated money to opposition parties, cash is used for election purposes giving context of money recovered from premises linked to Congress MP Dhiraj Sahu
The Supreme Court, on Thursday, directed the Election Commission of India (ECI) to furnish updated data on the funds received by all political parties through electoral bonds within two weeks.
In defence of the electoral bonds scheme, SG Tushar Mehta said that there is absolutely no scope for black money or unaccounted money in the electoral bonds scheme.