look news india
Increase in salary-pension-cereal allowance of MPs : The salary of MPs across the country has been increased. The Central Government has increased salaries and allowances by amending the ‘Member of Parliament (Salary, Allow and Pension) Act, 1954’. According to the government notification, the new increment will be effective from 1 April. The government said that the reason for increasing the salary of MPs is that inflation has increased significantly in the last five years, which has been changed keeping in mind.
How much will the salary of MPs increase?
According to the notification issued by the government, changes have been made in the salary, daily allowances and pension of MPs. MPs used to get a salary of one lakh rupees in the first month, which has been increased to Rs 1.24 lakh. While the daily allowance has been increased from Rs 2000 to Rs 2500. Along with this, the pension of former MPs has also been increased. The monthly pension of former MPs has been increased from 25,000 to 31,000. While additional pension (for service of more than 5 years) Rs. It has been increased from 2000 to 2500.
Why did the government increase salary?
The government said, “The increase in salary of MPs has been done keeping in mind the impact of inflation.” This change has been made keeping in mind the inflation rate and cost inflation index. This decision has been taken to balance the financial position of MPs based on RBI inflation rate data.
Who will benefit from this decision of the government?
This decision of the central government will increase the salary of the current MPs. Apart from this, former MPs will get high pension benefits. In addition, MPs serving for more than five years will get the benefit of additional increase in pension.