New Chief Election Commissioner S Y Quraishi on Friday said the poll panel will monitor poll expenditure more closely than ever before. Speaking to reporters after taking over, he said a new guidelines on use of money power will be in place by the end of next month. He said the Commission would continuously strive to ensure free and fair elections in the country. Mr Quraishi said enhancing voters participation and restricting the role of money power in elections are among the emerging challenges. He expressed happiness that overdue electoral reforms have started receiving attention of government and Parliament. The chief election commissioner said the commission is studying use of biometric system for voting. Dismissing speculations about preponig of elections in Tamil Nadu and West Bengal, Mr Quraishi said they will be held on time as per schedule.