Banking Service Chronicle

 Banking Service Chronicle

banking service chronicle Published this article page no 09 Reasons citedsubstantial increase in the number of electors Cost Inflation Index for the hike etc.  Expenditure limit for Lok Sabha constituencies has been raised from 70 lakh to 95 lakh rupees in bigger states and 54 lakh to 75 lakhs in smaller states.  For Assembly constituencies expenditure limits have been enhanced from 28 lakh rupees 40 lakh rupees in bigger states and from 20 lakhs to 28 lakhs in smaller states. Election Commission of India (ECI) postponed Punjab Assembly polls  The move comes following the request to ECI to postpone the election in view of Guru Ravidas Jayanti celebrations.  Under Section 153 of the Representation of the People Act 1951 the ECI can “extend the time” for completing an election. o Howeversuch extension should not go beyond the date of the normal dissolutionterm of the House (Lok Sabha or State Assembly).  Term of the House can only be extended in an emergency declared by Parliament. o Constitution restricts this emergency to only two situations — war and breakdown of law and order banking service chronicle monthly magazine buy. 

 Banking Service Chronicle





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