India’s Supreme Court has scrapped a seven-year-old election funding system, called “electoral bonds,” that allows individuals and companies to donate money to political parties anonymously and without any limits.
Coming nearly two months before the general election, February 15’s decision is being seen as a setback for Prime Minister Narendra Modi’s Bharatiya Janata Party, which has been the largest beneficiary of the system it introduced in 2017.
The secretive election funding system was challenged by the opposition parties and a civil society group on the grounds that it hindered the public’s right to know who had given money to political parties.
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