Lok Sabha elections: Black money may account for 1/3rd of Rs 30,000 cr poll expenses

Apr 01 2014, 18:29 IST
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'Unaccounted money' may account for over one-third of total Rs 30,000 crore estimated to be spent on these polls, a study says. Reuters 'Unaccounted money' may account for over one-third of total Rs 30,000 crore estimated to be spent on these polls, a study says. Reuters
SummaryThe estimated Rs 30,000 cr total spending will be the highest ever amount utilised for any election in India.

2014 poll spend per voter comes to about Rs 400 going by the 81.4 crore eligible voters expected to cast their franchise this year.

"Media campaigns usually account for 25 per cent of total spends. Pre-poll expenditure by parties in power (20-25 pc), voter mobilisation (10-12 pc), money to cadres (10-12 pc) and note-for-vote expenses (10-15 pc) also account for big chunks in the spending pie," he said.

The Rs 30,000 crore estimate for Rs 2014 is against Rs 10,000-12,000 crore in 2009, he stated, adding that the corresponding amount stood at a mere Rs 2,500 crore in 1996 Lok Sabha polls when CMS started tracking poll expenses.

"Increase in competitive politics is mostly responsible for this substantial rise in election expenditure. This could in turn be correlated to increasing corruption," said Rao.

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