Punjab

Punjab polls to feel pinch of demonetisation, EC gets tough to curb misuse of cash

RAJEEV BHASKAR | December 18, 2016 03:00 PM

JALANDHAR: Poll bound state of Punjab is all set to feel the pinch of demonetisation as Election Commission has already pulled its socks to check the transportation of cash by the political candidates, who are already finding it difficult to arrange cash.

While poll code of conduct is yet to be announced, Election Commission has already instructed the poll officials to keep a strict vigil on carrying cash in the state to ensure a check on the misuse of cash in the poll-bound state.

 

In the backdrop of the demonetisation drive, the EC “fears that political outfits could use money power to woo voters” during elections and have passed strict guidelines to district-level polling officials to ensure compliance. 

 

The EC wants that cash under Rs 10 lakh be probed for its source while income tax officials be informed if the cash seized is above this figure.

 

Although the use of cash would be minimal in these elections as no one would be able to accumulate the new currency in quick time, but EC does not want to leave anything forgrantedly.

 

Sources said that the EC, as part of its measures to curb black money in elections, has planned to deploy expenditure observers.

 

The poll panel has also asked the Central Board of Direct Taxes and the Financial Intelligence Unit to keep a strict vigil on movement of unaccounted cash.

 

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