Union Budget 2018: Big salary hikes for President, VP, governors and MPs | Latest News India - Hindustan Times
close_game
close_game

Union Budget 2018: Big salary hikes for President, VP, governors and MPs

Smriti Kak Ramachandran and Kumar Uttam, New Delhi, Hindustan Times | By
Feb 01, 2018 09:51 PM IST

Officials said that an MP’s total emoluments are likely to go up from Rs 1.4 lakh to Rs 2.3 lakh per month. The basic salary will increase from Rs 50,000 to Rs 1 lakh, as proposed in the finance bill.

Finance minister Arun Jaitley on Thursday announced a threefold increase in the emoluments of the President, the vice-president and the governors of states, and a nearly 100% hike for Members of Parliament.

President Ram Nath Kovind flanked by vice-president M Venkaiah Naidu in New Delhi.(PTI File Photo)
President Ram Nath Kovind flanked by vice-president M Venkaiah Naidu in New Delhi.(PTI File Photo)

He also rolled out a mechanism to fix salaries for parliamentarians, allowing an automatic revision every five years, indexed to inflation.

Hindustan Times - your fastest source for breaking news! Read now.

The hike for MPs, which has been a long-standing demand from lawmakers, will roll out from April 1 while the automatic revision mechanism will come into effect in 2023.

Officials said that an MP’s total emoluments are likely to go up from Rs 1.4 lakh to Rs 2.3 lakh per month. The basic salary will increase from Rs 50,000 to Rs 1 lakh, as proposed in the finance bill. In addition, constituency allowance is likely to rise from Rs 45,000 to Rs 70,000 and office expenses and secretarial assistance from Rs 45,000 to Rs 60,000, said officials. There will, however, be a cut in travel allowances for MPs.

The monthly salary of the President has been revised to Rs 5 lakh , vice president Rs 4 lakh and governors Rs 3.5 lakh, Jaitley said in the budget speech. Their previous salaries were Rs 1.5 lakh, Rs 1.25 lakh and Rs 1.1 lakh respectively. The proposal to hike the salary of the President, who was getting paid less than the top bureaucrat of the country after the implementation of the seventh pay commission, had been pending since last year.

Jaitley said that there has been public debate and criticism with regard to the emoluments to the MPs, which, according to the current practice, allows them to fix their own salaries though a bill in Parliament.

“I am, therefore, proposing necessary changes to refix the salary, constituency allowance, office expenses and meeting allowance payable to Members of Parliament with effect from April 1, 2018…I am sure the honourable members will welcome this initiative and will not suffer such criticism in future,” he said.

Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!

Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On