Summary:
He said that analysis of information sought under RTI of electoral bonds show that 87.5% of the number of electoral bonds were for Rs 1 crore and this accounted for 39% of the total bonds sold. Those working on electoral reforms and bringing in more transparency in election funding say that the electoral bonds announced by the Center have had the opposite effect, making the entire process of funding more opaque than ever. He added that of the 11 centres were the electoral bonds were available the highest value of bonds were sold the most in Mumbai and Delhi. "But what the argument forgets is that the whole electoral bonds were promised as an effort at making election funding more transparent but the anonymity provided to donors and receivers have practically ensured that they remain extremely opaque," he said. Who buys these bonds and which are the political parties who are getting the donation by way of bonds are not know..