Issuance of 16th tranche of electoral bonds

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In the middle of the ongoing Assembly elections in 4 states and also a Union territory, the Ministry of Financing has educated that the issuance of the 16th tranche of electoral bonds will certainly be open available for sale from April 1 to 10.

Electoral bonds have actually been pitched as an alternative to pay donations made to political parties as part of efforts to bring openness in political financing.

Just the political parties registered under Section 29A of the Representation of individuals Act and which secured not less than one per cent of the votes polled in the last General Election to the House of individuals or the Legislative Assembly of the State, will be qualified to get the electoral bonds.

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