Govt clears 23rd tranche of electoral bonds; open for sale on Wednesday ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 17
Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Monday approved issuance of the 23rd tranche of electoral bonds that will open for sale on November 9. The Gujarat assembly elections will be held in two phases on December 1 and 5, while Himachal Pradesh will go to polls on November 12. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. State Bank of India (SBI), in the 23rd phase of sale, has been authorised to issue and encash electoral bonds through 29 authorised branches from November 9-15, the finance ministry said in a statement. Usually, electoral bo

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