The Bharatiya Janta Party is taking full advantage of the existing electoral bond scheme of the NDA government in bringing about massive expansion of its finances by cornering more than ninety per cent of the funds received under the scheme from the donors belonging mainly to the traders and the corporate houses. This scheme has given BJP, the present ruling party at the centre and in most of the states, a phenomenal advantage in influencing the course of the elections in the states and the centre.
Electoral bonds worth a total of Rs.6128 crore were sold between March 2018 to October 2019 with more than Rs3622 crore sold just before the Lok Sabha elections in May 2019 which the BJP won with ease trouncing the cash deficient Congress Party and the other opposition groups. The Supreme Court, despite a large number of petitions pending, is sitting silent and till now, there is no indication that the apex court judges have taken up the issue seriously though they have been talking about removing corruption from public life.
The Association of Democratic Rights (ADR) filed a petition in Supreme Court in March 2019 challenging the controversial scheme and ADR was followed by another petition by Common Cause and the third one was filed by the CPI (M). All three are pending and Chief Justice Ranjan Gogoi is retiring on November 17 after pronouncing verdict in some key cases including Ayodhya but the electoral bond scheme is not a part of that.