Amidst assembly elections in four states and a Union territory, the government on Tuesday approved issuance of the 16th tranche of electoral bonds which will be open for sale from April 1 to 10.
Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. However, Opposition parties have been raising concerns about alleged opaqueness in funding through such bonds.
The Election Commission of India (ECI) has accorded 'no objection' from the Model Code of Conduct (MCC) angle on March 17.
