India, April 2 -- The Opposition is labelling the contentious issue of Electoral Bonds usage as "extortion of funds by the BJP" while Prime Minister Narendra Modi asserts that the scheme has facilitated transparency in political funding. Since its inception in 2018, the scheme has been the subject of intense scrutiny and criticism from various quarters. Opposition parties have taken up the cudgels against the Electoral Bonds scheme, alleging that it provides a veil of secrecy to big corporate donors who can channel funds to their preferred political parties without public disclosure. They argue that the lack of transparency undermines the very essence of democracy, as it allows for the unchecked influence of money on politics. Moreover, t...