Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Politics News / Congress stages walkout in Lok Sabha over electoral bonds
  • Politics

    Congress stages walkout in Lok Sabha over electoral bonds

    Siddhant Pandey
    Written by
    Siddhant Pandey
    Twitter
    Last updated on Nov 21, 2019, 05:52 pm
    Congress stages walkout in Lok Sabha over electoral bonds
  • Members of Parliament (MPs) of the Congress party staged a walkout from the Lok Sabha on Thursday over the issue of electoral bonds. The party also protested the privatization of public sector units (PSUs).

    The Congress MPs' protest comes a day after the party alleged that electoral bonds have turned out to be a scheme for black money recycling and political bribery.

    Here's more.

  • In this article
    Firstly, what are electoral bonds? What's the issue with electoral bonds? Congress gave an adjournment motion notice in Lok Sabha Government used electoral bonds to cover-up corruption: Tewari Tewari claimed electoral bonds made government corruption 'official' Earlier, Congress MPs raised slogans in Well of the House Rajya Sabha adjourned after Congress MPs' protest
  • Electoral bonds

    Firstly, what are electoral bonds?

    Firstly, what are electoral bonds?
  • Electoral bonds are schemes for funding of political parties.

    As per the Finance Bill, 2017, these bonds are interest-free bearer instruments, such as promissory notes, which can be purchased from the State Bank of India.

    The scheme was notified on January 2, 2018, allowing individuals and domestic companies to present these bonds to political parties; they can be redeemed within 15 days.

  • Information

    What's the issue with electoral bonds?

  • However, concerns about transparency have been raised against electoral bonds. While the buyer of an electoral bond has to submit full KYC details, political parties are not required to reveal the identity of whom they are receiving said bonds from.

  • Early developments

    Congress gave an adjournment motion notice in Lok Sabha

  • Earlier in the day, the Congress party gave an adjournment motion notice in the Lower House over the "lack of transparency in the entire scheme of electoral bonds." Congress MP Manish Tewari raised the issue in the House.

    The party demanded that the government disclose all details about electoral bonds before the Parliament and further claimed that the scheme encourages money laundering.

  • Quote

    Government used electoral bonds to cover-up corruption: Tewari

  • Tewari said, "I want to draw the attention of the House towards electoral bonds. The electoral bond scheme was limited to elections. RTI in 2018 revealed that government overruled Reserve Bank of India on electoral bonds. This is a cover-up of corruption by the government."

  • Walkout

    Tewari claimed electoral bonds made government corruption 'official'

    Tewari claimed electoral bonds made government corruption 'official'
  • In the Lok Sabha, Tewari said electoral bonds have made government corruption official, however, Speaker Om Birla advised him not to take any names.

    According to NDTV, when Tewari made a reference to the Prime Minister's office, the Speaker cut his microphone and asked another MP to address the issue.

    Congress interim President Sonia Gandhi then led a walkout.

  • Information

    Earlier, Congress MPs raised slogans in Well of the House

  • Earlier during proceedings, Congress MPs raised slogans in the Well of the House for 15 minutes before returning to their seats. Congress' leader in the House, Adhir Ranjan Chowdhury and the Speaker engaged in a debate, where Birla asked the former to maintain decorum.

  • Rajya Sabha

    Rajya Sabha adjourned after Congress MPs' protest

    Rajya Sabha adjourned after Congress MPs' protest
  • Separately, in the Rajya Sabha, Congress leaders filed a notice to discuss electoral bonds noting the Reserve Bank of India (RBI)'s reservations and the disinvestment of PSUs.

    However, Rajya Sabha Chairperson Venkaiah Naidu said the issue doesn't warrant suspension of other business and notices taken up on priority.

    When the Congress protested, Chairperson Naidu adjourned the Upper House till noon.

  • Lok Sabha
  • Sonia Gandhi
  • Congress
  • NDTV
  • Parliament
  •  
Latest News
  • Coronavirus: India's tally reaches 11.13 million with 12K+ new cases
    Coronavirus: India's tally reaches 11.13 million with 12K+ new cases
    India
  • Ahead of launch, Meizu 18 series' camera system teased
    Ahead of launch, Meizu 18 series' camera system teased
    Science
  • Employee sues Amazon for racial, gender discrimination in corporate hiring
    Employee sues Amazon for racial, gender discrimination in corporate hiring
    Business
  • Realme C21, with 5,000mAh battery, to debut on March 5
    Realme C21, with 5,000mAh battery, to debut on March 5
    Science
  • Alec Baldwin, wife Hilaria welcome their sixth child
    Alec Baldwin, wife Hilaria welcome their sixth child
    Entertainment
Related Timelines
  • Opposition boycotts Lok Sabha over suspended MPs, farm bills
    Opposition boycotts Lok Sabha over suspended MPs, farm bills
    Politics
  • Lok Sabha adjourned sine die amid coronavirus crisis
    Lok Sabha adjourned sine die amid coronavirus crisis
    Politics
  • Inappropriate behavior gets seven Congress MPs suspended from Lok Sabha
    Inappropriate behavior gets seven Congress MPs suspended from Lok Sabha
    Politics
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Politics news?

Subscribe to stay updated.

Politics Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Twitter Indian Premier League Samsung Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News Real Madrid ISRO Yoga Honda
Batman Football News BMW Novak Djokovic Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Prince Philip
Toyota Fashion Tips Mercedes La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Bobby Deol
Marvel Comics Avengers Neha Kakkar Premier League
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021