# Electoral Bond Scheme is notified

Date: 2018

## The fact

On 2 January 2018 the Ministry of Finance notified the Electoral Bond Scheme, 2018, creating bearer-like instruments for political donations sold through the State Bank of India.

## Context

The Finance Act 2017 had amended the Representation of the People Act, Companies Act, and Income-tax Act to enable the scheme. [Modi](/people/narendra-modi)’s government owned that cluster. Donors were not disclosed to the public. The Supreme Court’s 2024 judgment is a neighbouring later instrument.

The 15 February 2024 Supreme Court judgment is a neighbouring later court instrument about this scheme.

The Prime Minister of India is head of the Union Council of Ministers. Parliament writes statutes; the President assents; states and Union ministries implement; the Supreme Court can strike a scheme down. A prime minister can announce demonetisation, drive a bill, and take an oath. He does not write a UNFCCC depositary record, an ISRO telemetry file, or a Supreme Court judgment by himself.

## Evidence and sources

Press Information Bureau of India carries the official instrument or communique. Reuters records the same dated act independently.

## Significance

The path is [institutional corruption](/drivers/institutional-corruption): a completed anonymous-donation channel is a dated opacity instrument in party finance.

## What is established and what is not

Established: a 2 January 2018 notification of the Electoral Bond Scheme after the 2017 Finance Act amendments.

Not established: a unique later bribe coefficient, or that every bond purchaser committed a crime.

What would change the picture: a contradictory original with a different date or name, a later repeal, a court that vacated the instrument, or a measured series that can be argued, with lag and alternatives, as a consequence of this instrument rather than of later institutions.

The date is the date of this instrument, not a licence to back-date every later harm or benefit.

SBI sold bonds. Parties cashed them.. A later repeal, court stay, or successor order would be a different Fact with a different date. That pair identifies Electoral Bond Scheme is notified, not a later speech about Electoral Bond Scheme is notified.

Co-authors and later implementers named in Context remain on the file. Electoral Bond Scheme is notified on 2018-01-02 is not a licence to treat every later Press Information Bureau of India communique as this same act. If a later repeal, stay, or successor decree exists, it needs its own date and its own row. This dossier refuses to average Electoral Bond Scheme is notified into a personality. The contribution described on this Person row is limited to His government notified the scheme after writing the 2017 statutory amendments. SBI sold bonds. Parties cashed them. That limit is the alternative to treating office-holding as authorship of every later series. The Lok Sabha, Rajya Sabha, the President, the Reserve Bank, state governments, the Election Commission, and foreign counterparties share specific files. Allegation is not a completed judgment. A Supreme Court striking-down is not a criminal conviction. A scheme notification is not a unique rupee coefficient. A UN pledge is not a delivered emissions path.

## People

- Narendra Modi: https://factrail.ai/people/narendra-modi

## Drivers

- Institutional Corruption: https://factrail.ai/drivers/institutional-corruption
- Democratic Resilience: https://factrail.ai/drivers/democratic-resilience

## Sources

- https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=175194
- https://www.reuters.com/article/us-india-politics-funding-idUSKBN1F51JD

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/in-electoral-bonds-2018