{"id":42429,"date":"2024-06-13T09:44:39","date_gmt":"2024-06-13T09:44:39","guid":{"rendered":"https:\/\/edukemy.com\/blog\/?p=42429"},"modified":"2024-06-13T09:44:41","modified_gmt":"2024-06-13T09:44:41","slug":"the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024","status":"publish","type":"post","link":"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/","title":{"rendered":"The Time is Ripe for Electoral Bond Reform &#8211; UPSC Daily Editorial Analysis &#8211; 29th May 2024"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/edukemy.com\/upsc-current-affairs?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Current+Affairs\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1280\" height=\"300\" src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png\" alt=\"\" class=\"wp-image-42406\" srcset=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19.png 1280w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-1170x274.png 1170w, https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/19-585x137.png 585w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/a><\/figure>\n\n\n\n<p>India&#8217;s electoral bond scheme, introduced in 2018 to enhance transparency in political funding, has instead become a focal point for controversy and calls for reform. Designed to anonymize donors and mitigate black money in elections, the scheme has been criticized for exacerbating opacity and facilitating unaccounted contributions. With the Supreme Court poised to review its constitutionality and growing public demand for clean electoral processes, the time is indeed ripe for comprehensive reform. Addressing the shortcomings of electoral bonds is crucial to restoring faith in India&#8217;s democratic framework, ensuring fair competition, and upholding the principles of transparency and accountability in political financing.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Tag: <\/strong>GS-2 Polity<\/p><\/blockquote>\n\n\n\n<p><strong>In News: <\/strong>The recent ruling by the Supreme Court, which invalidated the electoral bonds scheme, has provided opposition parties with a significant opportunity to elevate it as a critical issue during the ongoing parliamentary election campaign.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img decoding=\"async\" data-src=\"https:\/\/lh7-us.googleusercontent.com\/docsz\/AD_4nXdHmxIYQjLzpTcpvSAX8rMIanx1axhc3Nvs51xyZKUHhnU1PCX8LA2BnFnrMdTE1V6Ula57qqq-o5s8mCnT2VqfPdQsXXYmpSUF2IT7foqbKYjB29YvaukNzwqiJg01br6XOV6fdz4h3bg_HSoKgnWkQSxcOHnAdnUcqNX-tZOjUI43MsnJk-w?key=yyGuFQMzLrz-r6RV6RbhJA\" alt=\"Imperative for Transparency and Reform\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" \/><figcaption><strong>Imperative for Transparency and Reform<\/strong><\/figcaption><\/figure><\/div>\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<label for=\"ez-toc-cssicon-toggle-item-69fcf88c208c4\" class=\"ez-toc-cssicon-toggle-label\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69fcf88c208c4\"  \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Addressing_the_Imperative_for_Transparency_and_Reform\" title=\"Addressing the Imperative for Transparency and Reform\">Addressing the Imperative for Transparency and Reform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Reforms_in_Political_Party_Functioning\" title=\"Reforms in Political Party Functioning\">Reforms in Political Party Functioning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Funding_Reforms\" title=\"Funding Reforms\">Funding Reforms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Public_Consultation_and_Implementation\" title=\"Public Consultation and Implementation\">Public Consultation and Implementation<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#1_What_are_Electoral_Bonds\" title=\"1. What are Electoral Bonds?\">1. What are Electoral Bonds?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#2_Why_is_there_a_need_for_Electoral_Bond_Reform\" title=\"2. Why is there a need for Electoral Bond Reform?\">2. Why is there a need for Electoral Bond Reform?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#3_What_are_the_criticisms_against_the_current_Electoral_Bond_Scheme\" title=\"3. What are the criticisms against the current Electoral Bond Scheme?\">3. What are the criticisms against the current Electoral Bond Scheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#4_What_reforms_are_suggested_for_improving_the_Electoral_Bond_system\" title=\"4. What reforms are suggested for improving the Electoral Bond system?\">4. What reforms are suggested for improving the Electoral Bond system?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#5_How_can_Electoral_Bond_Reform_strengthen_democracy_in_India\" title=\"5. How can Electoral Bond Reform strengthen democracy in India?\">5. How can Electoral Bond Reform strengthen democracy in India?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#In_case_you_still_have_your_doubts_contact_us_on_91-9773890604\" title=\"In case you still have your doubts, contact us on +91-9773890604.&nbsp;\">In case you still have your doubts, contact us on +91-9773890604.&nbsp;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edukemy.com\/blog\/the-time-is-ripe-for-electoral-bond-reform-upsc-daily-editorial-analysis-29th-may-2024\/#Visit_our_YouTube_Channel_%E2%80%93_here\" title=\"Visit our YouTube Channel &#8211;&nbsp;here\">Visit our YouTube Channel &#8211;&nbsp;here<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Addressing_the_Imperative_for_Transparency_and_Reform\"><\/span><strong>Addressing the Imperative for Transparency and Reform<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The imperative for transparency and reform has been underscored both by the Supreme Court&#8217;s rulings and by the prevailing public sentiment, emphasizing the urgent need to curtail the prevalence of untraceable funds within political circles.&nbsp;<\/li><li>As awareness among the public regarding the operational methods and financial resourcing of political entities continues to burgeon, it presents a ripe occasion for the government to enact substantive reforms.&nbsp;<\/li><li>The ensuing proposals are geared towards mitigating the concerns surrounding the operational and monetary aspects of political parties.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reforms_in_Political_Party_Functioning\"><\/span><strong>Reforms in Political Party Functioning<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Recognition as Public Bodies:<\/strong> It is proposed that political parties should be recognized as public bodies under the Constitution. Consequently, they should be brought under the purview of the Right to Information Act to ensure transparency.<\/li><li><strong>Institutional Regulation:<\/strong> The establishment of a National Commission for Political Parties, akin to the Election Commission of India (ECI), is advocated. This commission would regulate all aspects of political parties, allowing the ECI to focus solely on conducting elections.<\/li><li><strong>Non-secular nature:<\/strong> A prerequisite for registration should be that political parties must not indicate a non-secular nature in their names.<\/li><li><strong>Secular and Democratic Principles:<\/strong> Political parties should be mandated to operate on secular and democratic principles. Additionally, there should be limited tenures for elected office-bearers to foster inclusivity and prevent the consolidation of power.<\/li><li><strong>Annual Audits:<\/strong> It is suggested that the accounts of political parties undergo annual audits, with the results being made public for transparency purposes.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Funding_Reforms\"><\/span><strong>Funding Reforms<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Transparency in Donations: <\/strong>Complete transparency regarding donors and recipients is deemed essential. To achieve this, all donations should be made through banking channels, and details of each transaction should be reported to the National Commission for Political Parties.<\/li><li><strong>Tax Incentives and Liabilities:<\/strong> Political parties should not incur tax liabilities on donations received. Conversely, donors should receive a 100% tax rebate on their contributions. However, to deter the use of cash donations, such contributions should be subject to heavy taxation.<\/li><li><strong>Income Tax Returns:<\/strong> Irrespective of tax liability, political parties should be obligated to file income tax returns.<\/li><li><strong>Donation Limits:<\/strong> A donation cap should be imposed to prevent any single donor from contributing more than 20% of their average net profits over the previous three years to political parties. Additionally, donors must report all their contributions to the National Commission for Political Parties.<\/li><li><strong>Sector-Specific Norms:<\/strong> Donors from tax-exempt sectors, such as agriculture, should channel their donations through banking channels. Norms for such donations should be set by the government based on the respective sector&#8217;s holdings.<\/li><li><strong>Auditing Powers:<\/strong> The National Commission should possess the authority to audit the accounts of any political party, if deemed necessary, utilizing the services of the Comptroller and Auditor General (CAG).<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Public_Consultation_and_Implementation\"><\/span><strong>Public Consultation and Implementation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>The central government should engage in soliciting public comments on the proposed policy for funding political parties before finalizing it.&nbsp;<\/li><li>This approach aims to minimize legal challenges and ensure that the policy resonates with public expectations and interests.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The implementation of these reforms holds the potential to enhance the transparency and accountability of political parties, thereby fortifying the democratic process in India. Public support for these measures is imperative, and it is anticipated that many enlightened politicians would endorse these suggestions as they ultimately serve to bolster public trust in their respective parties.<\/p>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.deccanherald.com\/opinion\/now-is-the-time-for-reforms-3040858#:~:text=The%20Supreme%20Court's%20judgement%20on,the%20ongoing%20parliamentary%20election%20campaign.\"><strong>DH<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_are_Electoral_Bonds\"><\/span>1. What are Electoral Bonds?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Electoral Bonds are financial instruments introduced in India in 2018, which are used for funding political parties. These bonds can be purchased from designated banks and donated to political parties anonymously. The aim was to bring transparency to political funding and reduce the influence of black money.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Why_is_there_a_need_for_Electoral_Bond_Reform\"><\/span>2. Why is there a need for Electoral Bond Reform?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Electoral Bond Reform is necessary due to several concerns:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Lack of Transparency<\/strong>: The anonymity of the donors undermines transparency in political funding.<\/li><li><strong>Possible Misuse<\/strong>: There are fears that these bonds could be used to launder black money.<\/li><li><strong>Impact on Democracy<\/strong>: The secrecy could lead to a situation where political parties become more beholden to corporate donors, impacting democratic processes.<\/li><li><strong>Disproportionate Influence<\/strong>: Wealthy individuals and corporations might gain disproportionate influence over the political system, skewing policies in their favor.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_are_the_criticisms_against_the_current_Electoral_Bond_Scheme\"><\/span>3. What are the criticisms against the current Electoral Bond Scheme?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Criticisms of the current Electoral Bond Scheme include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Anonymity of Donors<\/strong>: It allows donors to remain anonymous, making it difficult to track who is funding whom.<\/li><li><strong>Potential for Corruption<\/strong>: There is a concern that the system may promote corruption and enable the circulation of black money.<\/li><li><strong>Lack of Regulation<\/strong>: There is insufficient regulation and oversight over how the funds are used by political parties.<\/li><li><strong>Inequitable Access<\/strong>: Smaller parties may find it harder to compete for funds, leading to an uneven playing field.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_reforms_are_suggested_for_improving_the_Electoral_Bond_system\"><\/span>4. What reforms are suggested for improving the Electoral Bond system?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Suggested reforms include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Enhanced Transparency<\/strong>: Mandating disclosure of donor identities to ensure greater transparency.<\/li><li><strong>Regulatory Oversight<\/strong>: Strengthening regulatory oversight to monitor the use of electoral bonds and ensure compliance with the law.<\/li><li><strong>Capping Donations<\/strong>: Introducing caps on the amount that can be donated through electoral bonds to prevent disproportionate influence by wealthy donors.<\/li><li><strong>Independent Audits<\/strong>: Conducting independent audits of political party finances to ensure proper use of funds and adherence to regulations.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_How_can_Electoral_Bond_Reform_strengthen_democracy_in_India\"><\/span>5. How can Electoral Bond Reform strengthen democracy in India?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><strong>Answer:<\/strong> Electoral Bond Reform can strengthen democracy in India by:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Promoting Fairness<\/strong>: Ensuring that all political parties have an equal opportunity to raise funds, leading to a more level playing field.<\/li><li><strong>Enhancing Accountability<\/strong>: Making political funding more transparent will hold parties accountable to their donors and the public.<\/li><li><strong>Reducing Corruption<\/strong>: Transparent funding mechanisms can reduce the scope for corruption and the influence of black money in elections.<\/li><li><strong>Encouraging Public Trust<\/strong>: When the electoral process is seen as fair and transparent, it enhances public trust in the democratic system and its institutions.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/edukemy.com\/upsc\/upsc-essay?utm_source=Blog&amp;utm_medium=Banner&amp;utm_campaign=Essay\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" data-src=\"https:\/\/edukemy.com\/blog\/wp-content\/uploads\/2024\/06\/UPSC-Essay-Course-1280\u00d7300-1-3.svg\" alt=\"\" class=\"wp-image-42688 lazyload\" width=\"781\" height=\"182\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" style=\"--smush-placeholder-width: 781px; --smush-placeholder-aspect-ratio: 781\/182;\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_case_you_still_have_your_doubts_contact_us_on_91-9773890604\"><\/span><strong>In case you still have your doubts, contact us on +91-9773890604.<\/strong>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>For UPSC Prelims Resources,&nbsp;<a href=\"https:\/\/edukemy.com\/upsc-cse-prelims-resource-centre\" target=\"_blank\" rel=\"noreferrer noopener\">Click here<\/a><\/p>\n\n\n\n<p>For Daily Updates and Study Material:<\/p>\n\n\n\n<p>Join our Telegram Channel &#8211;&nbsp;<a href=\"https:\/\/t.me\/WithEdukemy4IAS\" target=\"_blank\" rel=\"noreferrer noopener\">Edukemy for IAS<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>1. Learn through Videos &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3vOD8sU\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>2. Be Exam Ready by Practicing Daily MCQs &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3Q9z2nF\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>3. Daily Newsletter &#8211; Get all your Current Affairs Covered &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3bE2y5J\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><li>4. Mains Answer Writing Practice &#8211;&nbsp;<a href=\"https:\/\/bit.ly\/3mZuVxl\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Visit_our_YouTube_Channel_%E2%80%93_here\"><\/span>Visit our YouTube Channel &#8211;&nbsp;<a href=\"https:\/\/www.youtube.com\/@EduKemyforIAS\">here<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s electoral bond scheme, introduced in 2018 to enhance transparency in political funding, has instead become a focal point for controversy and calls for reform.<\/p>\n","protected":false},"author":21,"featured_media":42439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[352],"tags":[161,169,3401,232,140],"class_list":["post-42429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-editorial-analysis","tag-daily-current-affairs-upsc","tag-daily-editorial-analysis","tag-electoral-bond-scheme","tag-upsc","tag-upsc_preparation_strategy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/42429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/comments?post=42429"}],"version-history":[{"count":1,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/42429\/revisions"}],"predecessor-version":[{"id":42440,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/posts\/42429\/revisions\/42440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media\/42439"}],"wp:attachment":[{"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/media?parent=42429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/categories?post=42429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edukemy.com\/blog\/wp-json\/wp\/v2\/tags?post=42429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}