Since its founding, CPIM has been one of the biggest reviewers of political bonds and has made it known that the party may not accept donations made through the system.
Additionally, it is one of the petition in the Supreme Court case that brought a case involving the constitutionality of democratic bonds.
Critics claim that the BJP has now gotten the rewards because political parties have now squandered the majority of the donations.
NO UNDUE ADVANTAGE IN POLLS: BJP
But, the BJP said that despite getting a lion’s share of the money, it does not give the group an unfair advantage in the current vote.
The Lok Sabha ( House of the People ) is the party with the most members of parliament. But the amount received by the BJP is less than 40 per cent”, said one of the group’s officials Nalin Kohli.
It is a tiny sum in comparison to political parties that have received significantly more money but have a much smaller social existence than our MPs, according to the amount or proportional to our MPs.
Given that ruling parties typically have influence, spectators claimed that the BJP’s gain of more funds is certainly unforeseen.
” I’m not surprised that ( BJP) got the majority of the share. In fact, I’m surprised they did n’t corner 90 per cent of funds. Ruling parties wherever have an benefit”, said SY Quraishi, a previous election director of India.  ,
QUESTIONS ABOUT WHAT RETURNS DONORS GET
Not just the fact that Mr. Modi’s gathering benefits overwhelmingly from poll donations worries critics.
These discoveries have heightened concerns about a social party-to-corporate installation in a federal election.
At least 30 commercial sponsors donated to political events, according to studies, after federal authorities began looking into revenue and money laundering against them.
Another report revealed that 33 businesses donated securities worth more than their gains, with three-quarters of those gifts going to the BJP.
Many people are questioning the compensation companies have received as a result of the discovery.
” The people who donate are no saints. There is no free meal. They give because they have vested passions, and they expect a reward, according to Mr. Quraishi.  ,
According to one American media outlet, businesses that make significant donations to the BJP were given significant state contracts.
” It is a means to extract cash from businesses. It provides businesses with a means of offering deals for cash. It is perhaps the country’s biggest bribery scam”, said Congress head Rahul Gandhi.  ,
In a new interview, Mr. Modi defended the electoral bonds, saying that the system was a good way to combat “black money,” which refers to money obtained through illegal methods.
Nothing has been put in place to exchange political bonds as a source of political funding so much.
According to projections from the Center for Media Studies in New Delhi, which tracks social spending, parties likely spent a total of US$ 14.4 billion to entice voters this election.
Political observers claim that the political bonds scheme’s funding has generally been used to finance that expenditure in order to earn what is shaping up to be one of India’s most expensive polls always.