"India's Supreme Court Declares Electoral Bonds Unconstitutional, Halts Fundraising Scheme"

India's Supreme Court has declared the Electoral Bonds system, which allowed anonymous and unlimited donations to political parties, as unconstitutional, posing a setback for Prime Minister Narendra Modi's Bharatiya Janata Party. The system, in place since 2017, was challenged for hindering transparency in political funding. The court reinstated corporate donation limits, directed the State Bank of India to cease issuing such bonds, and mandated disclosure of bond buyers' identities and information on bonds redeemed by each political party. The decision aims to address concerns about the influence of money in politics and the lack of transparency in political funding.