* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, March 14, 2026
Earth-News
  • Home
  • Business
  • Entertainment

    Labrinth Calls Out the Entertainment Industry and ‘Euphoria’ in Mysterious Post

    The Try Guys Embark on an Unforgettable Journey Through the Soul of New Orleans: Jazz, Burlesque, Voodoo, and Beyond!

    Get Inspired This Weekend with Fresh Ideas for Going Green

    Seattle’s Wing Luke Museum Announces Exciting New Executive Director

    Golden Nugget Owner Eyes Major Acquisition of Caesars Entertainment

    Inspired Entertainment Unveils Exciting Q4 2025 Earnings Results

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    DexCom’s Next Chapter: Unlocking Exciting Growth in Glucose Monitoring Technology

    Is Keysight Technologies (KEYS) Powering the Future of the Technology Sector?

    Eight Midwestern Universities Unite to Launch Innovative Technology Hub in San Francisco

    Top Industry Experts Reveal Crucial Insights on Globant SA and Uber Technologies

    JIATF 401 Publishes Guide to Counter-Drone Technology and Privacy Protections – U.S. Department of War (.gov)

    Could This Technology Pose the Greatest Threat to American Democracy?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    Labrinth Calls Out the Entertainment Industry and ‘Euphoria’ in Mysterious Post

    The Try Guys Embark on an Unforgettable Journey Through the Soul of New Orleans: Jazz, Burlesque, Voodoo, and Beyond!

    Get Inspired This Weekend with Fresh Ideas for Going Green

    Seattle’s Wing Luke Museum Announces Exciting New Executive Director

    Golden Nugget Owner Eyes Major Acquisition of Caesars Entertainment

    Inspired Entertainment Unveils Exciting Q4 2025 Earnings Results

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    DexCom’s Next Chapter: Unlocking Exciting Growth in Glucose Monitoring Technology

    Is Keysight Technologies (KEYS) Powering the Future of the Technology Sector?

    Eight Midwestern Universities Unite to Launch Innovative Technology Hub in San Francisco

    Top Industry Experts Reveal Crucial Insights on Globant SA and Uber Technologies

    JIATF 401 Publishes Guide to Counter-Drone Technology and Privacy Protections – U.S. Department of War (.gov)

    Could This Technology Pose the Greatest Threat to American Democracy?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

A potential Rs 12,000 crore saving opportunity: Why India Inc is a fan of One Nation One Election

February 12, 2024
in Business
A potential Rs 12,000 crore saving opportunity: Why India Inc is a fan of One Nation One Election
Share on FacebookShare on Twitter

Synopsis

India Inc through lobby groups FICCI and CII have advocated for simultaneous Lok Sabha and assembly elections, endorsing the ‘One Nation One Election’ concept. The move aims to reduce disruptions and additional costs associated with multiple elections. FICCI proposed a single election every five years for Union, state, and local governments, with CII suggesting elections every two-and-a-half years as an alternative.

​What's 'One Nation, One Election'?​iStockThe concept of ‘One Nation, One Election’ centers around the idea of conducting simultaneous elections throughout the country for both Lok Sabha and State Assemblies. This means holding elections for both the Lok Sabha and all state assemblies simultaneously, with voting likely taking place concurrently.

From citing trouble in ease of doing business to reduced investment scope, India Inc has come out in support of ‘One Nation One Election’.

Industry bodies Federation of Indian Chambers of Commerce & Industry (FICCI) and Confederation of Indian Industry (CII) have called for simultaneous Lok Sabha and assembly elections in a bid to avoid disruptions and additional costs.

The two groups even met former President Ram Nath Kovind and made separate presentations to the committee seeking one election in every five years.

Ficci has asked for a single election every five years for Union, state, and local governments, a proposition also supported by CII. The report says CII has asked for elections every two-and-a-half years as an alternative proposal.

ALSO READ: ‘One Nation, One Election’ saves costs, but political consensus not easy to achieve: Ex-CEC Chawla

“Our ease of doing business is getting significantly constrained by multiple elections at various times at various levels. With multiple codes of conduct for these elections, the inevitable slowdown in decision making by govt hurts business and industry badly. This also discourages necessary reforms to be carried out by various govts,” TOI reported Ficci general secretary Shailesh Pathak as saying in a letter to the committee, following a meeting last week.

Ficci has suggested that a government should be voted to power with a majority for five years. Should the said government lose its majority, it should be given ten days to seek a vote of confidence for an alternate group. The industry body has suggested that if no group can claim majority, a mid-term election should be held only for the remaining term.

ALSO READ: ‘One nation, One election’ through the decades

The lobby group referred to a Niti Aayog report to contend that in 2014, the implementation of the model code of conduct led to the cessation of governance and development activities for approximately seven months. It estimated that diminishing the frequency of elections could result in savings ranging from Rs 7,500 crore to Rs 12,000 crore.

The organisation has suggested permitting voters to vote at the closest polling station and adopting the ‘India Stack,’ which relies on indigenous technology, to compile electoral rolls instead of the current system which they deem time-consuming.

CII, in its meeting with the Kovind panel, reiterated its call for synchronized elections in 2012 and 2018. It said that the model code of conduct adversely affects infrastructure projects during the initial phase of implementation, with each election causing a disruption in government activities as employees are engaged in the electoral process for almost two months.

“Private sector is reluctant to invest months before and after the elections. So is the case for public investment which affects economic activity, overall development and jobs & livelihoods,” it said.

Aside from the loss of one productive day during each election, there is an economic drawback as workers frequently take time off to cast their votes, and the voting location is often different from their workplace, the CII argued.

“Simultaneous elections can reduce the overall expenditure incurred on general as well as state legislatures, making it more cost-effective and at the same time there are less days of productive work that are lost due to multiple elections,” CII said.

(You can now subscribe to our Economic Times WhatsApp channel)

…moreless
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : IndiaTimes – https://economictimes.indiatimes.com/news/elections/lok-sabha/india/a-potential-rs-12000-crore-saving-opportunity-why-india-inc-is-a-fan-of-one-nation-one-election/articleshow/107617364.cms

Tags: businesscrorePotential
Previous Post

Bihar Floor Test: RJD supporters gather outside Tejashwi Yadav’s residence, say ‘democracy will triumph…’

Next Post

Bihar Assembly Floor Test: Nitish Kumar seeks trust vote | Live

Exploring the Fascinating Diversity, Ecology, Cell Biology, and Evolution of Asgard Archaea

March 14, 2026

O-Zone: Evangel 79, Science and Arts 74 – KY3

March 14, 2026

How Course-Based Research Experiences Are Unlocking Exciting New Frontiers in Science

March 14, 2026

New Owner Cuts Majority of Staff at Three Salt Lake Magazines

March 14, 2026

Kiké Seizes the Moment to Shine for Puerto Rico on the World Stage

March 14, 2026

Iran Threatens to Cripple Global Economy as Trump Declares Regime’s Imminent Collapse

March 14, 2026

Labrinth Calls Out the Entertainment Industry and ‘Euphoria’ in Mysterious Post

March 14, 2026

Fourth Purdue AMR Conference Promotes Collaboration to Address Global Health Threat of Antimicrobial Resistance through PVM’s One Health Initiative. – Purdue University College of Veterinary Medicine

March 14, 2026

The Rundown | Last Week in Michigan Politics (3-13-26) – WZZM13.com

March 14, 2026

DexCom’s Next Chapter: Unlocking Exciting Growth in Glucose Monitoring Technology

March 14, 2026

Categories

Archives

March 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Feb    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (1,117)
  • Economy (1,135)
  • Entertainment (22,012)
  • General (20,397)
  • Health (10,173)
  • Lifestyle (1,149)
  • News (22,149)
  • People (1,138)
  • Politics (1,153)
  • Science (16,351)
  • Sports (21,637)
  • Technology (16,118)
  • World (1,128)

Recent News

Exploring the Fascinating Diversity, Ecology, Cell Biology, and Evolution of Asgard Archaea

March 14, 2026

O-Zone: Evangel 79, Science and Arts 74 – KY3

March 14, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version