14th tranche of electoral bonds approved; sale closes on Oct 28

NEW DELHI: Ahead of the Bihar election, the Government on Friday approved the 14th tranche of electoral bonds which will be open for sale between October 19 to October 28.
The Election Commission of India (ECI) accorded ‘no objection’ from the Model Code of Conduct (MCC) angle on October 15 with certain conditions, a Finance Ministry statement said.
The three-phased Bihar election will be held on October 28, November 3 and November 7. Counting of votes will take place on November 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.