Supreme Court Rules Against Electoral Bond Scheme: Unraveling the Controversy

Electoral Bonds and Environmental Concerns

On February 15, 2024, the Supreme Court said the Electoral Bond Scheme, started by the government in 2017, wasn’t right. They declared it against the rules. Then, on March 14, 2024, the Election Commission of India shared some big news. They made public the names of companies and political parties involved in this scheme, as directed by the Supreme Court.

The Electoral Bond Scheme was meant to make political funding more transparent. But it didn’t work as planned. Before, political parties had to keep a record of who gave them more than 20,000 rupees. But after the rules changed in 2017, these electoral bonds didn’t have any names on them. This meant anyone could give money secretly to any political party they wanted, and nobody would know who it came from. This made people worried about unfair influence on politics.

Some big companies gave a lot of money through these bonds. Some of these companies have done things that harm the environment and hurt local communities. For example:

  • Vedanta Group gave 400.65 crore rupees.  

A company owned by Vedanta Group runs a factory in Lanjigarh, Odisha, near the Niyamgiri hills. This factory makes aluminum, but it’s causing pollution in the air and water nearby. People living around there are getting sick with strange skin diseases and rashes.

  • Utkal Alumina International Limited (UAIL) gave 145 crore rupees.

In 2004, villagers in Odisha protested a lot against this company. They accused the company of making the Indravati River Basin dirty. This basin is very important because it helps the Indravati Tiger Reserve. The pollution was because the company was making one of its refineries bigger.

  • Jindal Group gave 153 crore rupees.

In 2020, the National Green Tribunal fined them Rs 160 crore for making pollution in Chhattisgarh’s Raigarh district. Then, in 2021, the NGT told Jindal Steel to pay Rs 2 crore for harming a stream in Odisha.

  • Megha Engineering & Infrastructure Ltd gave a huge 966 crore rupees.

At the top of the list of donors, Megha Engineering paid a huge sum for electoral bonds. This is the same company that faced accusations of breaking environmental rules for its big project, the ‘Kaleshwaram Lift Irrigation Project’ in Telangana.

These companies have been involved in activities that are bad for the environment and local people.This whole situation shows how important it is for voters to know who is giving money to political parties. It helps them make better decisions when they vote. It also shows that there need to be better rules to protect the environment and make sure companies follow them.

electoral bond 1

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top