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BUDGET 2025 AT A GLANCE||| SOME KEY PROVISIONS

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  BUDGET 2025 AT A GLANCE SOME KEY PROVISIONS SARASIJ MAJUMDER   1.       10,000 additional seats to be inculcated in Medical Institutes in one year; 75,000 additional   medical seats will be created in next 5 years. 2.       100 GW target for Nuclear Power Generation by 2047. 3.       40,000 new houses will be added under Swayam Housing scheme. 4.       50 New Tourists’ destination will be developed by next year . 5.       A Maritime Development Fund with a corpus of ₹ 25,000 crore to be set up, with up to 49 per cent contribution by the Government, and the balance from ports and private sector. 6.       Atal Tinkering Labs (ATL) : 50,000 such labs are to be set up in government schools in 5 years. This is a part of Atal Innovation Mission (AIM). Comment: In my opinion, t...
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WHO IS CORRUPT, ME LORD?

SARASIJ MAJUMDER

Concept of Electoral Bonds:-

The recipient parties could encash these bonds through their bank accounts, with no obligation to disclose the identity of the donor, not even to the Election Commission of India (ECI). Electoral bonds, functioning as promissory notes, were bearer instruments devoid of any buyer or payee information.

Advantage of EB:-

Electoral Bonds  eliminates generation of BLACK MONEY during ELECTION.

Ruling of Supreme Court:-

In a recent Supreme Court ruling in the matter of Association for Democratic Reforms & Anr. v/s Union of India, Electoral Bond Scheme (EBS/ Scheme) was declared as unconstitutional, including certain amendments to section 182 of the Companies Act, 2013 (“CA”), amended vide the Finance Act, 2017 as arbitrary and violative of the Constitution of India (COI).

The SC ruling does not declare “political donations” per se as unconstitutional or invalid, what is rendered violative of constitutional rights is the Electoral Bond Scheme and the amendments to section 182 of CA vide Finance Act, 2017 permitting unlimited and anonymous contributions to political parties.


Consequence after SC ruling:-

Election Commission published Electoral Bonds data submitted by SBI before the Supreme Court’s deadline. The tempest on a cup of suspicion raked up by Congress was over. 

 Adani or Ambani  didn’t appear on the list! Lottery company facing ED probe is the top buyer.

BJP is the biggest recipient of Electoral bonds, with over ₹6,060 crores. The second largest beneficiary was Trinamool Congress with ₹1,610 crores, followed by Congress (₹1,422 crore) and BRS (₹1,215 crore).

In the list published by the Election Commission based on the data submitted by the State Bank of India, none of the Adani Group companies or Reliance Group bought any Electoral Bonds. This means, the group may have donated to political parties, but they didn’t use the Electoral Bonds ROUTE for the purpose.

Rahul Gandhi has been alleging that all policies of the Modi government are to benefit only two BUSINESS HOUSES e.g.  Adani and Ambani, -- that blame fell flat on face.

Most of the companies, mentioned in the  published list are well-known, except a few.

The list includes several well-known companies, like the Bajaj group, Bharti Airtel, DLF, Jindal Steel, Vedanta etc. But the names of top purchasers of Electoral Bonds are several relatively lesser-known companies.

The top purchaser of electoral bonds is Future Gaming and Hotel Services Private Limited, the company bought a total value  of  ₹1,368 crore. The second largest purchaser is Megha Engineering and Infrastructures Limited with ₹821 crores. The third place was occupied by Qwik Supply Chain Private Limited.

Notably, the lottery company Future Gaming & Hotel Services Private Limited is facing a probe by the Enforcement Directorate in a money laundering case. The agency had attached assets worth ₹409.92 crore of the company and its various sub-distributors in relation to the case originally registered by Kolkata Police. The company is the sole distributor of paper lottery organised by the states of Sikkim and Nagaland that runs the popular ‘Dear Lottery’.

THE BENIFICIARIES:-

BJP:- Govt in centre and 17 states/ RW nationalist/- Controls ED, CBI, Income tax, SEBI.

Received : Rs 6060/- crore

Rest of the parties:-- No govt in centre/ have govt in 11 states/ LW Anti capitalists / don't control any central agencies.

Received : Rs 5500/- crore

IS’NT IT  A CASE FOR THE PURPOSE  OF SELECTED  WITCH HUNTING ? READER, WHAT YOU SAY??

Source:-

1.0 https://vinodkothari.com/?p=47983

2.0 https://www.livelaw.in/top-stories/supreme-court-unlimited-corporate-contributions-electoral-bonds-companies-act-free-fair-elections-249575

3.0 Supreme Court Ruling—refer web

4.0 EB details published in all leading NEWSPAPERS.

5.0 https://www.thehindu.com/news/national/electoral-bonds-scheme-unconstitutional-sbi-should-reveal-the-details-of-donors-rules-sc/article67848211.ece

6.0 Image source:- Refer Sl.5

Disclaimer:- No accusation made to Judges, Judiciary, and legal system. That is not intention. 

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