Electoral bonds are a double-edged sword, providing anonymity to donors while raising concerns about transparency in political funding. To what extent have electoral bonds further legitimized opacity in electoral funding?

Raised concerns about transparency: (1) The details of the donors of electoral bonds can be accessed only by ruling party (asymmetricity in information). (2) More than 30% of bonds are more than 1 crore, showing possibility of black money. (3) Foreign funding, undermining sovereignty of the country. (4) Removal of 7.5% cap on corporate funding. The situation prior to electoral bonds point to 60% of anonymous funding and this has now been legitimized by electoral bonds.