Login

News on Medial

At India’s second-largest engineering co, gaps emerge in electoral bond funding

LivemintLivemint · 8m
At India’s second-largest engineering co, gaps emerge in electoral bond funding

Megha Engineering and Infrastructures Ltd (MEIL), a privately held infrastructure and engineering company, claims to have purchased Rs 280 crore worth of electoral bonds in the financial year of 2022-23, according to its annual report. However, the Election Commission's data reveals that MEIL bought electoral bonds worth only Rs 193 crore in the same period. This disparity has raised concerns about accountability and transparency in political donations. MEIL and its affiliates have donated a total of Rs 1,353 crore to political parties since the introduction of electoral bonds in 2019. The Supreme Court recently declared electoral bonds unconstitutional. MEIL has not responded to queries regarding the discrepancy in data.

5
View Source

Comments

More Like this

Megha Engineering: The origin story of infra giant brought to limelight by electoral bond data

Megha Engineering: The origin story of infra giant brought to limelight by electoral bond data

Mamaearth ranks as India’s 3rd largest skincare brand: Euromonitor

Mamaearth ranks as India’s 3rd largest skincare brand: Euromonitor

Hyundai Said to Be Considering One of India’s Biggest Ever IPOs

Hyundai Said to Be Considering One of India’s Biggest Ever IPOs

Nvidia supplier SK Hynix to invest $3.87 billion in US chip packaging plant

Nvidia supplier SK Hynix to invest $3.87 billion in US chip packaging plant

Equirus InnovateX Fund leads $1 Mn round in data engineering startup Datazip

Equirus InnovateX Fund leads $1 Mn round in data engineering startup Datazip

India's Reliance Industries raises $2.4 bln in mega local bond sale

India's Reliance Industries raises $2.4 bln in mega local bond sale

From AI beds to remote ICUs, startups are plugging India’s health gaps

From AI beds to remote ICUs, startups are plugging India’s health gaps

Alt Mobility Nets $6 Mn To Scale Its EV Asset Management Platform

Alt Mobility Nets $6 Mn To Scale Its EV Asset Management Platform

Playing on Numbers: Making sense of India’s gaming boom

Playing on Numbers: Making sense of India’s gaming boom

Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuation

Hornbill Orchid in talks to lead PhysicsWallah's $150-million funding at $2.8 billion valuation

Download the medial app to read full posts, comements and news.