'Cancelling electoral bonds will bring more transparency', says Nobel laureate Amartya Sen

Chief Justice D.Y. Chandrachud led a five-member Constitution bench that described the 2018 plan as a "violation" of the rights to information and speech freedoms guaranteed by the Constitution. The Centre claimed that the scheme's goals were to reduce black money and increase political donation transparency, but the top court rejected this claim.

The State Bank of India (SBI), the financial institution approved for this scheme, is required to submit a detailed account of all electoral bonds purchased between April 12, 2019, and March 6, 2019. The court's decision came just before the Lok Sabha elections. instructed to give it to the Election Commission as well.

Sen said, "The electoral system in India is deeply influenced by the nature of party politics, which makes it very difficult for the common people to hear that they should participate in elections." The economist said that the country's electoral system is affected by this. The issue is influenced by how the government treats opposition parties.

“It is influenced by the way it treats opposition parties and people whom the government wants to keep under sanctions,” he said. We want as free an electoral system as possible, in addition to the freedom of expression and action of citizens." Senior Congress leader and former Finance Minister P. Chidambaram has also praised the court's decision to cancel the electoral bond scheme, saying that it is a big victory for transparency.