Govt notifies 24% salary hike for members of parliament effective Apr 2023

Quick Summary:

In May-June 1954, Parliament enacted the ‘Salary and Allowances of Members of Parliament Act, 1954.

The first legislative assembly of India came into existence in 1920 after passing of the Government of India Act, 1919, that implemented the Montague Chelmsford Reforms.

The additional pension for every year of service in excess of five years has been increased from Rs 2,000 per month to Rs 2,500.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Member of Parliament salary increase India Parliament salary update Indian government salary revision Cost Inflation Index impact MP daily allowance rise India MP salary 2024 MP benefits and perks Parliamentary Affairs Ministry notification Parliamentary committee allowance MP salary hike India

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-24 @ 21:24:58 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 682 words

Reading Time: 4 minutes read

Sentences: 30 lines

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Copyright Owner: © Business Standard

News ID: 27285157

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