Big news is coming from New Delhi, where the Chief Election Officer has announced the launch of the IPO of the Election Commission of India (ECI), as the government funds are not enough to conduct elections every few months.
Due to insufficient funds, election commission officers have to work in inhumane conditions during elections. Seeing the recent craze of IPOs in India, the election commission decided to launch its own IPO to raise funds.
Shareholders will also get dividends every time the ECI conducts an election. The money for the dividends will come from the forfeited security deposits of the candidates, mostly from the Aam Aadmi Party, as 87 of their 88 candidates lost their security deposits in Haryana elections, a trend likely to continue in the Maharashtra and Jharkhand elections.
Speaking to The Fauxy, the Chief Election Commissioner of India said, “After the IPO, the Election Commission will become so rich that even the government will ask us for a loan.”
Sensing the chance of great profits, opposition parties, investors, traders, and even leaders of the ruling party have come together to protest against ‘One Nation, One Election,’ demanding that elections be held every year instead of every five years.
