new delhi congress has told the government that electoral bonds will keep donors anonymous from all except the centre suggesting that it would not be a desirable situationthe party is of the opinion that the very idea of providing anonymity to donors as envisaged by the introduction of electoral bonds goes against the principle of transparency in the electoral process the lead opposition party has slammed the new system in its written views submitted recently to the finance ministry and has sought a review of electoral bonds it is learntin an initiative with far reaching consequences for political funding finance minister arun jaitley announced changes which reduced the limit for anonymous donations from rs 20000 to rs 2000 he also proposed introduction of electoral bonds political parties would be exempt from mentioning these donations in their reports to the it department and the election commission the identity of donors will also be unknown to the recipientbacking its proposal the government argued this would check the flow of black money into party fundscongress is learnt to have argued that bonds will not serve the stated objective of cleaning up electoral fundingsince parties will be free to receive donations from anonymous sources up to rs 2000 the system does not appear designed to check the inflow of illicit cash donationseven when changes were proposed in the budget congress had come out strongly against the measures especially after the amendments were passed through a money bill congress leaders are suspicious that identity of donors through bonds will be secret from all bodies involved the beneficiaries and the election watchdog but the go vernment will have all the information about entities which buy electoral bondsparty leaders apprehend that the government can use this information to bully corporate houses the fear revolves around the possibility that a ruling party can coerce a business house not to make donations or to limit donations to a rival political outfitthe party managers argued that electoral bonds were brought in at the request of some corporate houses which were funding the bjp but did not want it to be public knowledge expressing surprise congress has told the centre that even countries with sophisticated systems of political funding have not adopted the system of electoral bonds sources said