A landmark decision by the Supreme Court, ahead of the crucial Lok Sabha elections, has ruled that electoral bonds used for political party funding are in violation of voters' rights. The ruling was made in the context of several petitions that were filed, challenging the validity of the electoral bonds. Significantly, the Supreme Court's verdict was unanimous, with all five judges agreeing. This development could have a significant impact on the BJP and Congress parties, who have heavily relied on electoral bonds for funding; in the period of 2022-2023, BJP reportedly raised nearly 1,300 crores, while Congress collected about 170 crores, both through electoral bonds. This news piece covers the significant court proceedings and analyses the political implications of the ruling. #SupremeCourt #ElectoralBonds #LokSabhaElections #VotersRights #PoliticalFunding
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