Centre approves issuance of 16th tranche of electoral bonds

Amid the ongoing Assembly elections in four states and a Union territory, the Ministry of Finance has informed that the issuance of the 16th tranche of electoral bonds will be open for sale from April 1 to 10.

Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

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

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