Centre Announces 24% Salary Hike for MPs, Pension Revision Approved
In a significant decision, the Central Government has announced a 24% salary increase for Members of Parliament (MPs), along with revisions to their pensions and additional allowances. The notification, issued by the Ministry of Parliamentary Affairs, raises the monthly salary of MPs from ₹1,00,000 to ₹1,24,000. The daily allowance for sitting MPs has also been increased from ₹2,000 to ₹2,500.
The revision applies to former MPs as well, with their monthly pensions rising from ₹25,000 to ₹31,000. Additionally, the extra pension for each year of service beyond five years has been increased from ₹2,000 to ₹2,500 per month.
This decision was made under the powers granted by the Salary, Allowances, and Pension of Members of Parliament Act, under the Cost Inflation Index specified in the Income Tax Act of 1961. The move aims to adjust for inflation and ensure fair compensation for public representatives.
However, the salary revision has sparked mixed reactions, with some questioning the timing of the increase amid economic concerns. While the government justifies the revision as necessary to account for inflation, critics argue that public funds should be prioritized for developmental projects and welfare schemes.
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The announcement comes during the second leg of the budget session, making it a key topic of debate among policymakers and the public.
