One party, one bank account: Govt to introduce electoral bonds soon
Ahead of the Gujarat elections, sources tell ET Now that the government has more or less finalised the structure of the electoral bonds schemes, which was announced in the previous budget. Finance Minister Arun Jaitley during his Budget 2017 had announced to roll out electoral bonds, which will help in cleaning up the political funding. Under this scheme, electoral bonds will be issued as paper currency format. And each bond will have a validity of 15 days, within which it has to be encashed, or it will turn out to be invalid.