India’s Supreme Court delivers a rare setback for Narendra Modi
It declared unconstitutional an opaque campaign-finance tool that chiefly benefited the ruling party
WHEN NARENDRA MODI took office in India a decade ago, he pledged among many other things to halt the rampant use of illicit cash in politics. His big initiative on that front was the launch in 2018 of electoral bonds, which enabled Indian individuals and companies to donate to political parties anonymously, but legally. His Bharatiya Janata Party (BJP) hailed it as a roaring success.
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This article appeared in the Asia section of the print edition under the headline “Junked bonds”
Asia February 17th 2024
From the February 17th 2024 edition
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