The Hindu Editorial Analysis : 11th March 2024

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

State Bank of India and Electoral bonds

• The Supreme Court has recently declared the electoral bonds scheme unconstitutional. This is a landmark judgment of the Supreme Court.
• The electoral bonds scheme opened the way to anonymous funding to the political parties and consolidated the role of money in the Indian political system.
• The top court has decided to stop the issuance of electoral bonds and ordered the State Bank of India to disclose two sets of Information to the Election Commission of India within 21 days.
• The first detail sought by the Supreme Court is the complete details including the date of purchase, name of the purchaser and denomination of the electoral bonds purchased since 12th April 2019.
• The second detail was about the electoral bonds redeemed by the political parties at the same time frame.
• Before the two days of the limit period SBI filed an affidavit stating the inability of the bank to decode the details of electoral bonds in the prescribed time period.
• The State Bank of India claimed that there was no central database for those electoral bonds.
• SBI further claimed the task would require a significant amount of effort and time due to the complications of the data; it would need around four more months to disclose the details.
• There is no surprise that the Bank is not compliant with the directions of the Supreme Court and it intentionally hides the identity of the donors before the general election 2024, according to the view of the public.
• According to the Supreme Court it is the right of the Voters to know the information about financial contributions to a political party.

Important Questions:

• What are the electoral bonds and how they have influenced the political system in India?
• The Supreme Court’s decision to stop the issuance of electoral bonds is a landmark judgment. What is your point of view?
• What is the controversy between the State Bank of India and Electoral bonds?

Important vocabs:

• Harrowing– acutely distressing.
• Warped– abnormal or strange; distorted.
• Gabfest– a prolonged conference or other gathering with much talking.
• Play up– emphasize or exaggerate the extent or importance of something, misbehave
• Egregious– outstandingly bad; shocking.
• Hideous– extremely ugly.
• Archaic– very old or old-fashioned.
• Execrable– extremely bad or unpleasant.
• Perpetual– never ending or changing.

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