The BJP had received slightly less than 48 percent of all election bonds cashed by parties up to March 2023, amounting to around $730 million. Congress, India's main opposition party, had by contrast received around $171 million in the same timeframe, or 11 percent of the total.
India’s top court strikes down anonymous election funding scheme
Prime Minister Narendra Modi's party has defended electoral bonds, arguing that because the electoral bond donations are channelled through the banking system, the process is more transparent than direct cash donations. Cash donations are still allowed, but carry no tax exemption.
