Electoral bond: Central Government may authorise scheduled banks to issue bonds under notified scheme by amendment to Reserve Bank Act. The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds and defines an electoral bond as a bond issued by any ... Summary
Electoral bond: Central Government may authorise scheduled banks to issue bonds under notified scheme by amendment to Reserve Bank Act.
The amendment empowers the Central Government to authorise scheduled banks to issue electoral bonds and defines an electoral bond as a bond issued by any scheduled bank under the scheme to be notified by the Central Government, thereby centralising authority to designate issuing institutions and frame the issuance scheme.
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