Holding elections to Lok Sabha and state assemblies simultaneously will reduce campaign costs and improve quality of governance, Finance Minister Arun Jaitley said today. Echoing Prime Minister Narendra Modi’s views on holding simultaneous polls, he said India currently has two sets of elections every year which take up a lot of energy of governments at the Centre and states.”It (simultaneous elections) will hugely reduce the quantum of expenditure, because if Lok Sabha and state assembly elections are held together, the campaigns will be common and in a common campaign the money spent will be much less. It won’t be duplicated,” he said at a discussion on ‘Campaign Finance Reform in India’. Stating that simultaneous polls will also improve the quality of governance, he said it comes to a standstill during electioneering.