NEW DELHI, Nov. 18 -- The Modi government had taken a decision, bypassing the RBI's suggestions on the electoral bond scheme. In this plan, a provision was made that the donor can give unlimited donations to political parties without making the information public or revealing the identity.
The Modi government's warnings and suggestions on this plan were rejected by the Modi government. Huffington Post India has presented a detailed report on this.
According to the report, when the then Finance Minister Arun Jaitley was going to deliver the budget speech for the year 2017, four days before that a tax official realized that the Reserve Bank of India Act would have to be amended for these changes.
On 28 January 2017, that officer made a dra...