March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21
News Every Day |

India’s Modi defends scrapped political funding scheme

India’s Modi defends scrapped political funding scheme

PM has claimed the revocation by the Supreme Court of the donation scheme won’t impact his party in impending national election

Recent disclosures about a now-defunct scheme, through which political parties in India could receive funding, will not be a setback for the Bharatiya Janata Party (BJP) and anyone “dancing” over the revelations will eventually “regret” it, the Prime Minister of India Narendra Modi has said of his party. 

In an interview on Sunday, Modi argued that the electoral bonds scheme, introduced by his government in 2017 but scrapped last month by the Supreme Court as “unconstitutional,” had shortcomings but nonetheless allowed for tracing previously non-transparent political funding in the world’s largest democracy. 

“If a [money trail to a political party] is available today, it is because of the presence of bonds,” he told Southern India’s Thanthi TV channel, as quoted by news agency PTI. “No system is perfect; There can be shortcomings which could be improved upon,” he also suggested.

The electoral bonds scheme, through which Indian citizens or registered organizations could fund a political party anonymously, was launched by Modi’s government to make political donations more transparent. According to data revealed by the Electoral Commission last month following the top court’s order, the BJP was the biggest beneficiary of the scheme, securing almost half of the bonds donated between 2018 and 2024, worth 60 billion rupees ($719 million). 

Read more
Supporters wearing a cutout mask of Indian Prime Minister Narendra Modi during a Bharatiya Janata Party (BJP) meeting in Telangana on November 7, 2023.
Indian bank data links political parties to big donors ahead of polls 

Opposition parties, too, received large amounts of money via the scheme. The country’s oldest and biggest nationwide opposition party, the Congress, as well as TMC, were among other major recipients. They got 14 billion ($167 million) and 16 billion rupees ($191 million) in donations, respectively.

The funding revelations come just weeks before India’s general election, polling for which will run from April 19 to June 1. Over 970 million people will cast their votes to elect 543 members to the Lok Sabha, the lower house of parliament.

Opposition parties have predicted the revelations about the electoral bonds scheme funding of parties will harm the ruling BJP in the elections. Jairam Ramesh, a key leader of Congress, which itself came under the scrutiny of tax authorities in the past month, reacting to Modi’s statements, said on Monday that the details of political funding were only revealed after “strong intervention” by the top court and that the government had insisted on the anonymity of the scheme “until the last day.” The data made public last month, linking political donors and parties, reveals the “monumental corruption” of the Modi-led party and government, Ramesh claims.

READ MORE: Indian opposition alleges ‘tax terrorism’ ahead of 2024 election

The Congress has joined forces with several opposition parties to form the Indian National Developmental, Inclusive Alliance (INDIA) as it aims for an electoral takedown of the BJP. However, the party faces serious financial challenges, having received a notice for 18 billion rupees ($218 million) from federal government authorities over alleged tax-evasion charges. Last week, the party’s de-facto leader, Rahul Gandhi, claimed that the government froze the party’s accounts, preventing it from campaigning for the election.

Pollsters predict a victory for the BJP-led National Democratic Alliance (NDA). Ahead of polling, the BJP has adopted a slogan of ‘400 paar’ (‘Above 400’), meaning it will win more than 400 seats.

Where India Meets Russia – We are now on WhatsApp! ‎Follow and share RT India in English and in Hindi 

Game News

Amanita Design выпустила Pilgrims на iOS и Android в обход Apple Arcade

Cyprus Closed Chess Championship names winners

Trump trial: Jury selection to resume in New York City for 3rd day in former president's trial

Четвертый том в серии ко Дню космонавтики

'Sticking his thumb in the judge's face': Michael Cohen says $1k gag order fines are joke

Read also

Recently arrested Morgan Wallen says he’s ‘not proud’ of behavior

Adbert Alzolay's struggles continue after fourth blown save

The Judge Tells Donald Trump to Sit Down

News, articles, comments, with a minute-by-minute update, now on

News Every Day

Trump trial: Jury selection to resume in New York City for 3rd day in former president's trial — latest news 24/7. You can add your news instantly now — here

News Every Day

'Sticking his thumb in the judge's face': Michael Cohen says $1k gag order fines are joke

Sports today

Новости тенниса

Кудерметова и Хао-Чин вышли в финал турнира WTA в Штутгарте в парном разряде

Спорт в России и мире

ЦСКА потерпел сенсационное домашнее поражение в матче с «Ахматом»

All sports news today

Sports in Russia today


"Ахмат" одержал волевую победу над ЦСКА со счетом 2:1 в матче РПЛ

Новости России

Game News

Amanita Design выпустила Pilgrims на iOS и Android в обход Apple Arcade

Губернаторы России
Владимир Путин

Путин поручил руководству Ставропольского края организовать фестиваль томата

В России на треть вырос спрос на туристическое жилье в летний период

Суд арестовал троих подозреваемых в поставках некачественной продукции ВС РФ

Источник «360»: спасатели локализовали пожар в московском кафе «Робин и Пятница»

Подключение водонагревателя в Московской области

Занимает два места на парковке: Тимати купил дорогущий бронированный автомобиль

Баста отметит свой день рождения концертом в Москве

«Бах vs Рахманинов» из цикла Битва Клавиров под величественными сводами Петрикирхе.

Мартин Скорсезе планирует снять фильмы про Иисуса и Фрэнка Синатру

Появилась реакция WTA на победу Рыбакиной с рекордом

Арине Соболенко предрекли победу на Уимблдоне-2024

Пятая ракетка мира Пегула не выступит на турнире WTA 1000 в Мадриде

Рыбакина назвала свое преимущество над Швентек

Kub Mash: в Москве водитель шесть раз протаранил машину семьи из Краснодара

Автор хита "Поезда" Женя Трофимов рассказал, почему Барнаул лучше Москвы

В Подмосковном центре охраны материнства и детства принимает новый врач

Суд арестовал троих фигурантов по делу о поставке несвежих продуктов в ВС РФ

Светлана Петрова научит, как увеличить личный доход на 40% за 90 дней

Смоленские энергетики вышли на субботник

Бастрыкин запросил доклад по делу о нападении на журналистов в Москве

Обложка песни. Обложки альбомов песен. Сделать обложку для песни.

Хранятся три недели: как пекут пряники в Николо-Угрешском монастыре

«Все офигеют»: Крид решил купить Суbеrtruсk от компании Маска по «завышенному прайсу»

21 апреля в России отмечается День местного самоуправления

Достает зонты и шапки? Как изменится погода в Москве на грядущей неделе

Путин в России и мире

Персональные новости
Юрий Лоза

Лоза объяснил поведение Лепса, выбившего телефон из рук фанатки на концерте

News Every Day

Cyprus Closed Chess Championship names winners

Friends of Today24

Музыкальные новости

Персональные новости