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Electoral Bonds: Legal Challenges & In News Video Lecture | Legal Reasoning for CLAT

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FAQs on Electoral Bonds: Legal Challenges & In News Video Lecture - Legal Reasoning for CLAT

1. What are electoral bonds and why are they facing legal challenges?
Ans. Electoral bonds are a financial instrument introduced in India to facilitate anonymous donations to political parties. They allow individuals and organizations to purchase bonds from authorized banks and donate them to political parties of their choice. However, electoral bonds have faced legal challenges due to concerns regarding transparency and accountability in political funding.
2. What are the legal challenges faced by electoral bonds?
Ans. Electoral bonds have faced legal challenges primarily on the grounds of transparency and accountability. Critics argue that the anonymity provided by these bonds allows for unaccounted and undisclosed political donations, undermining the principle of transparency in democracy. Additionally, concerns have been raised about the potential for misuse and corruption in the political funding process.
3. How do electoral bonds impact political funding in India?
Ans. Electoral bonds have significantly impacted political funding in India by introducing a system of anonymous donations. This has led to a lack of transparency as the identity of the donor remains undisclosed. The introduction of electoral bonds has also raised concerns about the potential for increased influence of corporate interests in politics.
4. What are the implications of the legal challenges faced by electoral bonds?
Ans. The legal challenges faced by electoral bonds carry significant implications for the political funding system in India. The outcome of these challenges will determine the level of transparency and accountability in political donations. If electoral bonds are deemed unconstitutional or their use is restricted, it could lead to reforms in the political funding process to ensure greater transparency.
5. How are electoral bonds related to the Common Law Admission Test (CLAT)?
Ans. Electoral bonds may be a topic of relevance in the Common Law Admission Test (CLAT) as it assesses the legal aptitude and knowledge of aspiring law students. Questions related to the legal challenges faced by electoral bonds, their impact on political funding, and the implications of these challenges could be included in the CLAT exam to test the candidates' understanding of constitutional and administrative law.
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