Govt to announce electoral bonds scheme soon, says Arun Jaitley

Finance Minister Arun Jaitley on Monday said the Centre would shortly announce the nature of the electoral bonds scheme.

"This year, before the budget was being prepared, the prime minister had told us to take some steps in the budget to cleanse the political parties, and out of that the electoral bonds scheme was born," he said.

"We are in the process of shortly announcing the nature of the scheme," he said.

In the budget 2017-18, the government had proposed amendment to the RBI Act to enable issuance of electoral bonds. On GST, he said from July 1 onwards India will become a uniform market, where goods and services will flow freely across the country and curb evasions. pti