Election Commission regulations stipulate that candidates failing to secure a minimum of one-sixth of the total valid votes polled would have their deposits redirected to the treasury.
The Supreme Court has ordered SBI Chairman Dinesh Khara to submit an affidavit by Thursday, 5 pm, confirming that all details within the bank's knowledge have been disclosed, leaving no information concealed.
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After US said it is concerned about the recently notified Citizenship (Amendment) Act in India, the government has rejected the remark saying it is "misplaced, misinformed, and unwarranted" and interference in New Delhi's internal matters.
Over the past five years, political parties have redeemed electoral bonds worth Rs 12,769 crore, with the BJP accounting for nearly half of this amount
According to SBI data shared with the Election Commission, donations totaling Rs 12,156 crore were made through the scheme from April 2019 to February 2024, with the top 20 donors contributing nearly half of this amount.
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The Election Commission of India published electoral bonds data on its official website on March 14, as ordered by the Supreme Court.
Prashant Bhushan, representing the Association for Democratic Reforms (ADR), has indicated a possible appeal to the Supreme Court to enforce the disclosure of each bond's unique identifier.
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