E Bond
In April 2018 BJP government introduced a new scheme about donation to political party, called Electricit Bond or E-Bond. In theory this bond is introduced to avoid donation in black money & to simplify the process of donation with very not restrictions and anormously. No wonder this bill smoothly pass by parliament without any obligation from any party.
In April 2019, ADR a non governmental organization with who is some senior advocate of supreme court file serious allegation about this scheme. They indicate the it's not a scheme for normal people to donate easily to their favourite political party but it's a legal organised way for big company & rich people to give donation anormously to any party special to the rulling government and get any contact, make new rules that benifits them.
Finally in February supreme court of India discontinue the e-bond scheme by declaring it unconstitutional. And directed SBI to give all datas of this bond to election commission of India with in 6th march.
SBI don't obey this order of supreme court and in 6th march file a partition for extended this time to 30th of June. In 11th march supreme court of India disqualify all SBI argument and request and order them to give these data to election commission within one day otherwise they will start a criminal procedure against SBI to not following the supreme court order. And told election commission to publish this data on their website before 5pm of 15th March.
Let's first understand how this E-Bond works
Let's say you like a specific political party and want to give them some donation. But how can you do it? 🤔.
- Step 1: You have to go some specific branch of State Bank of India and asked them that you want to donate some money using E-Bond.E-Bonds are only available with us specific price like 1,000rs , 10,000rs , 1 lakh , 10lakh , 1 cr etc.You have to choose among this specific denomination price. You can't buy e-bond in 1,234rs or 23,45,233rs etc. Here is an example of E-Bond of 1krs denomination.
- Step 2: Now you take this bond and give it to your favourite political party by visiting the party office physically.Let you give a 1 lakh rupees of e-bond to ABC party.
- Step 3: Now ABC party has to reading it from SBI within 15 days.
What if they don't redeem it within 15 days?br> Then the money in this case rs 1 lakh will goes to PM fund.
In March 14 election commission published all the raw data about a bond on their site
https://eci.gov.in
SBI give the whole data into different set. The first set is containing the name of buyer and the denomination then buy or simply the list of name of people who buy e-bond with amount. The second set is contain the name of the political party and the amount they withdrawal using e-bond.
Here is the list of the political party and the amount they get from e-bond in between the April 2019 to February 2024.
| No. | Name of the Political Party | Donation | % |
|---|
| No. | Name of the Buyer | Donation | % |
|---|
Many well known and some unknown companies name are there.
The biggest buyer or the donor of the event is FUTURE GAMING AND HOTEL SERVICES PVT LTD, they donate around 1368.00 Cr. Many journalist and activist raising questions why a gaming and hotel service company give so much amount of donation to political party.
Surprisingly the two biggest people (Ambani,Adani) or two biggest group of companies's (Reliance industry and Adani group of industry) name are not in this group. Although many people think that they will found this name in this list.
Surprisingly many loss making startups companies are also donate huge amount of money using this bond like Vedanta LTD, UPL LTD etc.
But still we don't know that who give donation to which political party? According to supreme court ruling there is Alfa numeric court on each and every e-bond which is unique and can be used to match this both sets of data to get a clear picture of which company or which individual give what amount of money to which political party they like.
Today evening supreme court of India said that's State Bank of India don't follow the guideline of supreme court and don't give the alphanumeric court in the data give to the election commission of India supreme court order State Bank of India to give this alpha numeric court to public as soon as possible.
source: thequint.com
despite of the alphanumeric code and two different set of data we can still have some good amount of data to workeout latest look a brief introduction to top five companies in that list.
FUTURE GAMING AND HOTEL SERVICES PVT LTD
Future Gaming and Hotel Services Private Limited (earlier known as Martin Lottery Agencies Limited) is the leading player in the lottery industry of India, with a turnover of over 2 Billion USD, claims their official site.
MEGHA ENGINEERING & INFRASTRUCTURES LIMITED
Hyderabad-based Megha Engineering and Infrastructure Ltd, initially focused on municipal pipe manufacturing, rose to prominence in infrastructure development. It became the second-largest political donor via electoral bonds, with contributions amounting to Rs 966 crore.
QWIK SUPPLY CHAIN PRIVATE LIMITED
Qwik Supply Chain Private Limited (QSCPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 November 2000 and has a history of 23 years and four months. Its registered office is in Thane, Maharashtra, India. The Corporate was formerly known as Fine Tech Corporation Private Limited.
Director: Vipul Pranlal Mehta, Sridhar Titti, and Tapas Mitra, all of whom have links to Reliance,all them are also director of Reliance Group of companies like reliance telecom, Reliance Industries Limited etc.
VEDANTA LIMITED
Vedanta Limited is an Indian multinational mining company headquartered in Mumbai, with its main operations extract zinc-lead-silver, iron ore, steel, copper and aluminium and have three operating blocks in India producing oil and gas.
HALDIA ENERGY LIMITED
