The scrapping of the electoral bonds - in a landmark decision by the Supreme Court in February - is a decision "everyone will regret when there is honest reflection" and has "completely pushed the country towards black money", Prime Minister Narendra Modi told news agency ANI Monday.
The Prime Minister said the electoral bonds scheme launched by his government was meant to fight the use of 'black money', referring to unaccounted cash or funds from criminal activities, in election campaigns, and that he had "never claimed this was an absolute way" to achieve that goal.
Mr Modi also attacked the opposition for spreading "lies" about the bonds and said his government had introduced the scheme to cut down on 'black money' during elections. He countered criticism - that his Bharatiya Janata Party was the largest beneficiary, to the tune of thousands of crores.
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