By S.B. Mazumder In the convoluted saga of political financing in India, electoral bonds emerged as a promising solution, yet they only served to veil the pervasive presence of black money within the corridors of power. Despite assertions by the government that these bonds would bring transparency to political funding, the recent Supreme Court ruling striking them down as unconstitutional shines a stark light on the enduring issue of cash-driven politics. Electoral bonds were envisioned as a tool to sanitize the flow of funds to political parties by allowing donors to contribute ostensibly anonymously. However, this anonymity proved to be a double-edged sword, as it shielded potential quid pro quos between donors and political recipients. While parties were privy to the identities of their benefactors, the public was left in the dark, rendering the entire system vulnerable to manipulation and corruption. The government's promise that electoral bonds would cleanse the system of unac
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