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Understanding Electoral Bonds: Constitutional Implications, Supreme Court Ruling, and the Future of Political Finance in India Electoral bonds are a financial instrument introduced by the Government of India in 2018 as a mechanism for individuals, companies, and entities to donate money to political parties. These bonds are similar to promissory notes that can be purchased from specified branches of authorized banks and then deposited into the accounts of political parties within a prescribed time frame. The identity of the donor is kept anonymous, and the political party can encash these bonds only through a designated bank account. Constitutional Provisions : There are no specific constitutional provisions regarding electoral bonds in the Constitution of India. However, the use of electoral bonds is subject to the constitutional framework governing political funding, freedom of speech, and transparency in the electoral process. The scheme operates within the ambit of various laws, in...