Salary hike of MPs based on review linked to inflation

THE LAWMAKERS' SALARIES ARE AUTOMATICALLY ADJUSTED EVERY FIVE YEARS BASED ON THE COST INFLATION INDEX, SAID OFFICIALS AWARE OF THE MATTER

- HT Correspondent

NEW DELHI: The latest salary hike of members of Parliament, which was done by the government by a new mechanism, is in sync with Prime Minister Narendra Modi's vision that lawmakers should not decide their own salary, said officials aware of developments.

Under this government, the age-old practice of MPs deciding their own salaries was replaced by a new mechanism that will periodically review MPs' remunerations based on inflation.

On Monday, the parliamentary affairs ministry notified the revised salary for MPs, giving them a 24% hike.

This is the first time in the recent past when the ministry, and not a panel led by MPs, decided the salary structure based on inflation.

Each MP will now get Rs 1.24 lakh as against the current salary of Rs 1 lakh and their pension too, was revised to Rs 31,000 from the current rate of Rs 25,000.