NEW DELHI: Members of Parliament will now receive a monthly salary of ₹1.24 lakh, an increase from ₹1 lakh, as a result of recent adjustments to account for inflation and rising living costs. These revisions, approved by the Lok Sabha Secretariat, are effective from April 1, 2023.
The decision to raise MPs’ monthly salary is part of a comprehensive review of their emoluments and allowances, based on recommendations by a parliamentary committee. The goal is to mitigate the impact of increasing living expenses and inflation. In addition to the salary hike, MPs’ daily allowance, meant to cover expenses during Parliament sessions and official duties, has been raised from ₹2,000 to ₹2,500 per day. Furthermore, the monthly pension for current and former MPs has been increased from ₹25,000 to ₹31,000.
The Lok Sabha Secretariat approved these changes after a thorough review, taking into account the significant time that had passed since the last adjustment. The new structure includes a monthly salary of ₹1.24 lakh, a daily allowance of ₹2,500 per day, and a monthly pension of ₹31,000.
The pension increase will benefit many former MPs who have expressed concerns about stagnant pension amounts amidst rising living costs. While some opposition leaders have welcomed the revisions, citing inflation and increased responsibilities, others have called for greater transparency and public scrutiny of such decisions. These changes come at a time when the government is facing public debates on cost-of-living issues, budget allocations, and broader economic concerns.
