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425 Crore Worth Electoral Bonds Sold In Hyderabad
This is much more than any other city in the country.
N
Nishanth Kumar
Hyderabad
Sun May 01 2022
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425 Crore Worth Electoral Bonds Sold In Hyderabad
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Narendra Modi's government brought electoral bonds which will allow donations to political parties discreetly. No one knows who is funding the political parties through those bonds except for that one party. Also, no one will ask where those funds came from. Hyderabad now ranks number one in sales of such electoral bonds.


In Hyderabad alone, Rs. 425 crore electoral bonds were bought from banks. These are given by the respective individuals to the political parties. This is much more than any other city in the country. Electoral bonds worth 106 crores were purchased in the National capital Delhi, 100 crores in Chennai, 3 Crores in Bhubaneswar, and only eighteen crore electoral bonds were sold in Kolkata. These are the bonds sold by SBI.


It is no secret that ruling parties will be the biggest beneficiaries of these electoral bonds. People donate to the parties to ensure no trouble to their businesses and to get contracts from the governments. But it is a surprise why so much amount just in Hyderabad. This also indicates that political parties already started fund-raising for the upcoming elections.


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425 Crore Worth Electoral Bonds Sold In Hyderabad
425 Crore Worth Electoral Bonds Sold In Hyderabad
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