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? (Answer in 150 words) 10 Marks

The Finance Bill, 2017 introduced Electoral Bond scheme, wherein the political funding is done through promissory notes, media designated banks SBT. Electoral bonds: Double edged sword Positives: 1) As per ADR Report, 69% of political funding came from unknown sources => electoral bonds bring in transparency through bonds being in Ramapuram. 2) Prevents misuse – due to limited window of maturity (15 days). 3) Protects anonymity – prevents post poll awards/ment by political opponents. 4) The political parties need to submit detailed expenditure report => political accountability.