Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.: Unconstitutional! That’s what a section of the opposition and concerned citizens have been crying over the years about the contentious Electoral Bond scheme introduced under the Modi regime in 2018. While the donors remain anonymous, the issuer bank (SBI) is publicly owned, ensuring the ruling regime can access the data, giving its party an undue advantage. A five-judge SC bench led by Chief Justice of India (CJI) DY Chandrachud came down heavily on the scheme, deeming it unconstitutional. The SC stated that electoral bonds are violative of citizen’s rights to information and right to freedom of speech and expression. The bench stated that the electoral bonds are unconstitutional and need to be struck down. The CJI remarked that ordinary citizens have the right to know the sources of funds for political parties. He said that funding for political parties can lead to a quid quo pro arrangement and thereby the company will have a graver influence on political processes. The chief justice also slammed the amendment to Section 182 of the Companies Act that gave leeway to loss-making firms to provide financial aid to political parties. The SC judgment stated that “democracy does not begin or end with elections.” BREAKING: SUPREME COURT STRIKES DOWN ELECTORAL BONDS SCHEME, says:- Scheme violates right to information, can lead to quid pro quo- Curbing black money and ensuring anonymity of donors can’t be grounds to defend electoral bonds or need for transparency in political finding… pic.twitter.com/yA3te890US — Bar & Bench (@barandbench) February 15, 2024 Breaking: Supreme Court Strikes Down #ElectoralBonds Scheme https://t.co/4Fv0xhT64V — Live Law (@LiveLawIndia) February 15, 2024 “Democracy does not begin and end with elections. Democracy sustains because the elected are responsive to the electors who hold them accountable for their actions and inactions” – #SupremeCourt in #ElectoralBonds judgment.https://t.co/HHMF8ujJV2 pic.twitter.com/0NBsxT6H2u — Live Law (@LiveLawIndia) February 15, 2024 #SupremeCourt #ElectoralBonds Judgement pic.twitter.com/MDMg7UpggK — Live Law (@LiveLawIndia) February 15, 2024 While delivering the judgment on February 15, 2024, the CJI stated that it was a unanimous decision of the bench. The verdict was reserved last year, on November 2, 2023. Further in the judgment, the SC has ordered the State Bank of India (SBI) to stop all sales of electoral bonds and furnish the details of all donations to the Election Commission of India (ECI). While the ECI has to publish the details on its website by March 31, 2024. CJI : SBI shall furnish the details of electoral bonds encashed by the political parties.SBI shall submit the details to the ECI. ECI shall publish these details on the website by March 31, 2024.#SupremeCourt #ElectoralBonds — Live Law (@LiveLawIndia) February 15, 2024 State Bank of India told by the Supreme Court to stop sale of #ElectoralBonds#SupremeCourt #SupremeCourtofIndia pic.twitter.com/8HMRWKYPd2 — Bar & Bench (@barandbench) February 15, 2024 In 2017, the RBI cautioned the Modi govt against electoral bonds, stating that they can be used by shell companies to further money laundering. In 2019, the Election Commission remarked that the electoral bond scheme is a ‘retrograde step.’ In “New” India, bribes & illegal commissions are called Electoral Bonds. https://t.co/mYl5OxcVLU — Rahul Gandhi (@RahulGandhi) November 18, 2019 Electoral Bonds data in the #SupremeCourt judgment shows that Central Govt and parties ruling in states drew the maximum contribution via the schemeFrom 2017 to 2023, BJP got about ₹6,564 crores through #ElectoralBonds pic.twitter.com/tzqAK89uXo — Bar & Bench (@barandbench) February 15, 2024 Here for hilarious reactions and memes, I see? My name is Bond, Electoral Bond. 0056. pic.twitter.com/iYhF0xl2I7 — Narundar (@NarundarM) February 15, 2024 Bj party pic.twitter.com/qx0Koei3Gj — भाई साहब (@Bhai_saheb) February 15, 2024 Game on now…Publish list… findd out, who are those #ElectoralBonds buyers… when they donated and what policy or contract tweaked 🤷♂️#Elections2024 pic.twitter.com/nxRunyMW1E — AnAlienOnEarth (@AnAlienOnEarthX) February 15, 2024 Ask publishing of the list on ECI websiteAdani ji be like … pic.twitter.com/BLdW5lBO9a — Mukesh (@mikejava85) February 15, 2024 Electoral bond scheme unconstitutional, says Supreme Court. #ElectoralBond #2024Elections pic.twitter.com/IDsa1VvHOi — Satish Acharya (@satishacharya) February 15, 2024 Bad ideas. pic.twitter.com/yTxvgUxxgE — PenPencilDraw (@penpencildraw) February 15, 2024 इस सूचना के अधिकार ने नाक में दम कर रखा है।मोदीजी- pic.twitter.com/6IVyuRvV6O — 🆎hishek🏹 (@Abhishek24_BOB) February 15, 2024 pic.twitter.com/SUpGjc3kHZ — Cartoonist Alok (@caricatured) February 15, 2024 The Supreme Court has asked SBI for details of electoral bonds for all the parties.If the BJP doesn’t stop this, mera dictatorship se bharosa uth jayega. — Narundar (@NarundarM) February 15, 2024 #ElectoralBonds pic.twitter.com/RCRoeIgaZu — Nimo Tai (@Cryptic_Miind) February 15, 2024 Citizens to CJI … pic.twitter.com/DzNZLL4DV6 — Mukesh (@mikejava85) February 15, 2024 Rubika reading the verdict. https://t.co/881fljdzfs pic.twitter.com/I1A3S4NaXB — Narundar (@NarundarM) February 15, 2024 The Supreme Court strikes down electoral bonds. The SC also orders the ECI to share all information about electoral bonds by mid-March.Waiting for ED to visit SC. — Narundar (@NarundarM) February 15, 2024 Lunch ke baad aanaCredit : @NarundarM pic.twitter.com/0qlpdvKxVf — TheINC (@TheINC01) February 15, 2024 Electoral bonds verdict in simple terms pic.twitter.com/8d3w4L3XRg — Mr.Fixit (@yippeekiyay_dk) February 15, 2024 For the first time in last 10 years, I say this to my Supreme Court …#ElectoralBonds pic.twitter.com/q46q8IOUIh — Sandeep Manudhane (@sandeep_PT) February 15, 2024 This is much needed belt treatment from Supreme Court to bring down the Electoral Bonds. 🔥SC holds that anonymous Electoral Bonds are violation of Right to Iinformation and Article 19 (1)(A)Remember that 90% of the #ElectoralBonds gone to BJP and now SC has also asked SBI to… pic.twitter.com/GUAsST4zyO — Amock (@Politics_2022_) February 15, 2024 The Judgement on Electoral bonds is a powerful reinforcement for the democracy — Faye DSouza (@fayedsouza) February 15, 2024 The bar is so low people get shocked when Supreme Court gives out a strong judgement — Stuti (@StutiNMishra) February 15, 2024 JSYK Hard to forget what the union government argued for here👇(From the Supreme Court’s Order striking down Electoral bonds) pic.twitter.com/Ierz79M8su — Seema Chishti (@seemay) February 15, 2024 See Also: Memes, Memes And More Memes See Also: Supreme Court’s Verdict On Adani Over Hindenburg Allegations Triggers Netizens: ‘Yeh Toh Hona He Tha’ See Also: Supreme Court Had The Least Working Days In 2023 Among All Courts: The Internet Has Lot Of Thoughts
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