empower lokayukta

empower lokayukta
empower lokayukta

Saturday, May 16, 2009

When is the next election?

we should all pray that we get pretty badly hung assembly and parliament this time around
so that we can have an election pretty soon.

we need elections to keep the economy growing. don't take my word for it. check it out

From New York Times:

http://www.nytimes.com/2009/05/15/business/global/15rupee.html?_r=1&ref=world

NEW DELHI — India’s monthlong nationwide election is often called the world’s largest exercise in democracy. It could also be regarded as a big economic stimulus engine.

Candidates and parties spent $3 billion on everything, including transportation, advertising, celebrity endorsements and cash bribes over the course of the campaign, according to economists and political analysts. In comparison, the last United States presidential campaign cost an estimated $2.4 billion.

....

The programs are so extensive that the amount of money spent in India will give a 0.5 percent boost to the country’s gross domestic product for two quarters of this year, says Kotak Securities, a brokerage firm.

...

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