The central government seems set to double the salaries and allowances of Parliamentarians. If a proposal in this regard is approved by the Finance Ministry, every MP will get Rs 2.8 lakh per month. Their pension, too, will see a jump.
The government has proposed increasing the monthly salary of an MP from Rs 50,000 to Rs 1 lakh, constituency allowance from Rs 45,000 to Rs 90,000 and secretarial assistance plus office allowance from Rs 45,000 to Rs 90,000.
The proposal, currently with the Finance Ministry, also suggests that basic pension should be raised from Rs 20,000 per month to Rs 35,000. Those who have served for more than five years would get an additional amount — the number of years multiplied by Rs 2,000. Currently, the additional amount is the number of years multiplied by Rs 1,500.
If the Finance Ministry agrees to allocate the amount, Parliament will amend the Salary, Allowance and Pension of Members of Parliament (Amendment) Bill to incorporate the changes, sources said. “The ministry is expected to accept the proposals,” said a top government official.
The Finance Minister had allocated Rs 295.25 crore for Lok Sabha MPs and Rs 121.96 crore for Rajya Sabha MPs — which includes expenses such as travel — in his last budget.