Article 324 of the Indian Constitution empowers the Election Commission of India to regulate election expenditure.

As per the Election Commission of India, the maximum amount that a candidate can spend on election campaign in a Lok Sabha constituency is ₹70 lakhs.

As per the Election Commission of India, the maximum amount that a candidate can spend on election campaign in a Rajya Sabha constituency is ₹50 lakhs.

As per the Election Commission of India, the maximum amount that a political party can spend on election campaign in a Lok Sabha constituency is ₹20 crores.

As per the Election Commission of India, the maximum amount that a political party can spend on election campaign in a Rajya Sabha constituency is ₹10 crores.

The main heads of election expenditure include public meetings, rallies, and processions; advertisement and publicity; travel and conveyance; and printing and stationery.

The Election Commission of India has the role of setting limits on election expenditure, monitoring and enforcing the limits on election expenditure, and investigating and prosecuting cases of violation of election expenditure limits.

Violating the limits on election expenditure can lead to both disqualification of the candidate and imposition of a fine.

Regulating election expenditure is important to ensure a level playing field for all candidates, to prevent the use of money power in elections, and to promote transparency and accountability in elections.

The Election Commission of India faces challenges such as lack of resources, political interference, and lack of public awareness in regulating election expenditure.

To strengthen the regulation of election expenditure, measures such as increasing the resources of the Election Commission of India, enhancing public awareness about election expenditure limits, and strengthening the legal framework for regulating election expenditure can be taken.

Political parties have the role of complying with the election expenditure limits set by the Election Commission of India, ensuring that their candidates do not violate the election expenditure limits, and educating their members and supporters about the importance of regulating election expenditure.

The media has the role of reporting on cases of violation of election expenditure limits, raising awareness about the importance of regulating election expenditure, and providing a platform for candidates to discuss their election expenditure.

The public has the role of being aware of the election expenditure limits, reporting cases of violation of election expenditure limits to the Election Commission of India, and demanding transparency and accountability from candidates and political parties.