New Delhi, Jan 3: The Congress on Wednesday said that hiding the donor names of electoral bonds is a regressive step that will convert the process to the BJP-led central government’s “favorite color black” and is meant to “stifle transparency”.
Congress spokesperson Randeep Singh Surjewala in a series of tweets, said “Hiding donor names of electoral bonds is a regressive step that paints process of electoral funding to Modi government’s favorite color: BLACK!,”
“Is it meant to stifle ‘transparency’ & give unlimited access to ruling party to misuse information and state machinery to coerce donors!” he further added.
Hiding ‘donor names’ of 'Electoral Bonds' is a regressive step that paints process of Electoral Funding to Modi Govt's favourite colour: BLACK!
Is it meant to stifle ‘transparency’ & give unlimited access to ruling party to misuse info & state machinery to coerce donors! pic.twitter.com/ehX3N8ixiq
— Randeep Singh Surjewala (@rssurjewala) January 3, 2018
In a bid to bring transparency and clean the system, the government on Tuesday notified a scheme of electoral bonds.
While announcing the launch of the scheme in Parliament, Finance Minister Arun Jaitley said these bonds will bring a substantial amount of transparency in political donations against the contemporary system of contributions.
The electoral bonds will be a bearer instrument in the nature of a promissory note and interest-free banking instrument which any citizen or a corporate body will be eligible to purchase.
The purchaser would be allowed to buy the bonds after fulfilling the KYC norms and by making payment from a bank account. The name of the payee will be anonymous.