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Among the companies that bought electoral bonds starting April 2019, there are 15 listed in the Nifty 50 index, of whom eight are also listed in the BSE Sensex, as per the data published by the State Bank of India (SBI) and the Election Commission on Thursday.
Among the companies that bought electoral bonds starting April 2019, there are 15 listed in the Nifty 50 index, of whom eight are also listed in the BSE Sensex, as per the data published by the State Bank of India (SBI) and the Election Commission on Thursday.
A week after the State Bank of India (SBI) and the Election Commission (EC) published the details on the companies and individuals who purchased electoral bonds and the parties that redeemed them in separate lists, the Supreme Court has directed the government bank to disclose the complete details of the electoral bonds, including the unique bond numbers, by Thursday.
The DMK, currently the ruling party in Tamil Nadu, was one of three parties which disclosed the names of its poll bond donors, according to the latest data put out by the Election Commission on Sunday.
Ten regional parties, most of whom were in power in their respective states, received a combined donation of about Rs 900 crore through electoral bonds prior to April 12, 2019, the date after which the details of all poll bonds redeemed by political parties were made available earlier this week.
A look at the data on electoral bonds redeemed from April 2019 to January 2024, published by the Election Commission (EC) on Thursday, shows that for regional parties, what played a big role in the money they got was whether they were in government or not, and who they aligned with.
The BJP, the ruling party at the Centre since 2014, has been the biggest beneficiary of electoral bonds, redeeming a total of Rs 6,061 crore between April 2019 and February 2024, according to data published by the Election Commission and the State Bank of India (SBI). Trailing behind the BJP are the Trinamool Congress (TMC) at Rs 1,610 crore and the Congress at Rs 1,422 crore for the same period.
Redemption of electoral bonds by the Mamata Banerjee-led All India Trinamool Congress (AITMC), the second largest recipient of such donations to political parties between April 2019 and January 2024, increased after the party swept the West Bengal Assembly elections in 2021.