One Nation One Election: CII Supports Simultaneous Polls

By By Rediff Money Desk, NEWDELHI
Feb 03, 2024 18:04
CII advocates for 'One Nation One Election' to improve governance efficiency and foster economic development, highlighting the benefits of streamlined elections. Read more.
New Delhi, Feb 3 (PTI) Expressing its support to simultaneous elections that would synchronize the electoral cycles at the central and state levels, industry body CII said 'One Nation One Election' would enhance governance efficiency, and foster economic development.

The Confederation of Indian Industry (CII) presented its views to the High-Level Committee on One Nation One Election (ONOE) on Friday. The High Level Committee on One Nation One Election, chaired by former President Ram Nath Kovind held its fifth meeting.

"CII's view was based on the economic benefits of streamlining the electoral process, that would enhance governance efficiency, and foster economic development," the industry body stated.

It argued that asynchronous multiple elections lead to frequent disruption in policy making and administration, leading to uncertainty about the government's policies.

"It also affects the working of the Government due to its officials being roped in for election duties. Investment decisions by the private sector tend to slow down prior to the elections," said CII.

"Further, it leads to delays in project implementation, as the Model Code of Conduct gets imposed," it added.

The industry body emphasised that simultaneous elections, thus, offer a propitious solution by effectively reducing the project implementation delays and a likely cost savings of approximately half the total expenses incurred by the Central and State governments in administering elections.

Chandrajit Banerjee, Director General, CII, said, "In view of both the economic losses and the slowdown in policy-making CII suggests that India should revert to cycle of simultaneous elections.

"CII believes there are two options of doing this 'one is a single five-year cycle and the other is a two-stage simultaneous election with a gap of at least 2.5 years between the Lok Sabha elections and the state elections in the interim period".
Read More On:
one nation one electionsimultaneous electionsciigovernance efficiencyeconomic developmentelection reformindiapolicy makinginvestmentmodel code of conduct
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Unilever: India Growth & GST Impact

Unilever sees huge opportunities in India due to high GDP growth and GST cuts. HUL...

Trai Recommends 6 GHz, E, V Band Allocation

Trai suggests administrative allocation of 6 GHz, E, and V bands for telecom backhaul....

TotalEnergies Sells Stake in Adani Green Energy

TotalEnergies sells 1.74% stake in Adani Green Energy for Rs 2,778 cr. Stake reduced to...

TCS Acquires Coastal Cloud for $700 Million

TCS acquires Coastal Cloud for USD 700 million, strengthening its Salesforce and AI...

JSW Paints Acquires AkzoNobel India Stake

JSW Paints completes acquisition of majority stake in AkzoNobel India, becoming the...

Park Medi World IPO Subscribed 52% on Day 1

Park Medi World''s IPO received 52% subscription on day 1. The Rs 920-crore IPO closes...

Dasnac Invests Rs 2,000 Cr in Noida Luxury Housing

Dasnac to invest Rs 2,000 crore in a luxury housing project, Dasnac Westminster, in...

Nephrocare IPO Subscribed 12% on Day 1

Nephrocare Health Services IPO received 12% subscription on day 1. IPO details, price...

Wakefit IPO Subscribed Over 2 Times

Wakefit''s Rs 1,289-cr IPO was subscribed over 2 times on the final day. Details on...

IAN Group to Deploy USD 100M Alpha Fund by 2027

IAN Group to deploy its USD 100 million IAN Alpha Fund in early-stage startups by 2027....

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com