Centre announces 24% salary hike, pension revision for MPs

Structured Salary Revisions for MPs: Ensuring Fairness Amid Rising State Hikes

Structured Salary Revisions for MPs: Ensuring Fairness Amid Rising State Hikes The Ministry of Parliamentary Affairs has announced a 24% increase in the salaries, allowances, and pensions of Members of Parliament (MPs), effective from April 1, 2023. This adjustment increases the monthly salaries of MPs from Rs 1 lakh to Rs 1.24 lakh. The revision follows a structured process linked to the Cost Inflation Index (CII), which prevents arbitrary hike…

Why Modi Govt Devised Inflation-Linked Mechanism To Appraise MPs' Salaries, Junking Arbitrary Hikes

Sources say that in 2016, Prime Minister Narendra Modi shared the strong view that MPs should not decide their pay package and decisions on such matters should either be taken by a body similar to the pay commission or they be linked to hikes given to certain posts and ranks from time to time

Centre announces 24% salary hike, pension revision for MPs

The notification, issued by the Ministry of Parliamentary Affairs, also increased the daily allowances for sitting members

Explainer: All you need to know about the mechanism for revising MPs' salaries

The 24 per cent increase in salaries of MPs to Rs 1,24 lakh a month, announced on Monday, is part of a structured mechanism, set up after the Finance Act of 2018 amended the Salaries, Allowances, and Pension of Members of Parliament Act, 1954, to link MPs' salaries to inflation, specifically using the Cost Inflation Index (CII), according to a senior official.

Parliament approves 24% salary hike for MPs, ensures inflation-linked adjustments   THE NEW INDIAN

NEW DELHI: The Ministry of Parliamentary Affairs has announced a 24% salary hike for Members of Parliament (MPs) and former MPs, effective April 1, 2023. The revision increases MPs’ monthly salaries from ₹1,00,000 to ₹1,24,000, along with proportional adjustments in allowances and pensions.   The decision, part of a structured mechanism linking MP salaries to inflation, aims to prevent arbitrary pay hikes and maintain financial discipline.   Pre…

Members of the Landtag in Schleswig-Holstein are welcome: from July onwards, they will receive almost 600 euros more per month. The fact that the diets rise so much is required by law.