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Following the Supreme Court's 2024 judgment striking down Electoral Bonds, proposed reforms include threshold-based disclosure (e.g., disclose donations above ₹20,000) to enhance transparency while protecting donor privacy for small contributions.
- True
- False
Answer: True
Post-Electoral Bonds judgment reforms debate (2024): (a) Current law (Section 29B, R.P. Act): Donations above ₹20,000 must be disclosed to ECI, (b) Proposed enhancements: (i) Lower disclosure threshold for greater transparency, (ii) Real-time online disclosure portal, (iii) Stricter penalties for non-compliance, (iv) Safeguards for small donors (privacy protection, harassment prevention), (c) Balance sought: (i) Transparency: Voters' right to know who funds political parties, (ii) Privacy: Donor safety, especially for small contributors fearing retaliation, (iii) Political participation: Encouraging donations while preventing quid pro quo, (d) Challenge: Designing framework that prevents corruption without discouraging legitimate political participation. Illustrates ongoing evolution of electoral integrity framework through judicial-legislative dialogue.