Election Commission of India(ECI)Raises Expenditure Limit for Lok Sabha campaign by 30 lakhs from 40 lacs to 70 lacs Wednesday Feb 19,2014

The Election Commission of India(ECI)on Wednesday Feb 19,2014 raised the ceiling on poll expenditure for a Lok Sabha seat from Rs. 40 lakh to Rs. 70 lakh, effecting a 75% hike in the amount of money that a candidate can spend on his campaign.

ECI also revised the expenditure cap for election to an assembly seat, enhancing it to Rs. 28 lakh from the existing Rs. 16 lakh, marking an increase of 75%.
  
The New Spending Thresholds will come into effect after the centre notifies the revised figures.

The Lok Sabha election, due by May2014, will be held in accordance with the revised spending guidelines

Note

The last revision was in 2011, when the ceiling for a Lok Sabha seat was raised from Rs. 25 lakh to Rs. 40 lakh.