"India's Supreme Court Declares Electoral Bonds Unconstitutional, Scraps Opaque Funding System"

India's Supreme Court has declared the electoral bond system unconstitutional, scrapping the seven-year-old election funding system that allowed anonymous and unlimited donations to political parties. The decision is seen as a setback for Prime Minister Narendra Modi's BJP, the largest beneficiary of the system. The court directed the State Bank of India to cease issuing these bonds, disclose buyer identities, and provide information on redeemed bonds. Critics hailed the ruling as a win for transparency and democracy, addressing the public's right to know who funds political parties. The court's decision reinstated corporate donation limits and highlighted concerns about the influence of business transactions on the electoral process.