New Delhi, Feb. 15 -- In a landmark verdict months ahead of the Lok Sabha elections, the Supreme Court on Thursday struck down the electoral bonds scheme calling it "unconstitutional", media reports said.

The top court said the scheme violates the Right to Information and Section 19(1)(a).

The scheme, which was introduced during the Union Budget 2017-18, is a way to fund political parties in India.

In its order, the Supreme Court acknowledged that not all donations to political parties are made to change public policies as students and daily wagers contribute too.

However, the court said the contributions made by companies are "purely business transactions" and have greater influence on political processes.

Ahead of the 2019 Lok Sabh...