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Centre on Monday amended the electoral bonds scheme by a gazette notification, facilitating their sale for 15 further days through the “12 months of basic elections to the legislative meeting of states and Union territories with legislature”.
Previous to the modification, solely a further interval of 30 days was allowed to be specified by the Centre within the 12 months of basic elections.
Now underneath the Electoral Bond Modification Scheme 2022, which got here into being after the issuance of the gazette notification, a further interval of 15 days will probably be allowed in these years which have state elections additionally.
“An extra interval of fifteen days shall be specified by the Central authorities within the 12 months of basic elections to the legislative meeting of states and Union territories with legislature,” the gazette notification said.
These bonds are bought 4 occasions a 12 months throughout January, April, July and October for 10 days as notified by the federal government.
Electoral bonds enable political events to simply accept cash from donors whose identities are stored nameless.
They’re bought in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh and Rs 1 crore.
With inputs from News18
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