Thursday, August 21, 2025

Creating liberating content

Market analysts maintain an optimistic near-term outlook, citing government policy

Top stocks to buy (AI image) Top stock market recommendations:

Mumbai: Uncertainty over US President Donald Trump’s tariffs and external

Related News

Gold prices expected to rise (AI-image) Gold prices may scale another record by the end of this year, with Comex futures projected to hit $3,600 per ounce, according to Ventura

Market analysts maintain an optimistic near-term outlook, citing government policy initiatives and increased consumption as key drivers. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark

Top stocks to buy (AI image) Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President – WM Research, Nuvama Professional Clients Group, Godawari Power and Ispat Limited,

Mumbai: Uncertainty over US President Donald Trump’s tariffs and external demand clouded the Monetary Policy Committee’s assessment of the future path of growth and inflation, prompting it to hold back

MUMBAI: Indian cricket’s latest blue-eyed boy, Shubman Gill, is the new favourite with brands. His stellar performance in the India-England Test series, both as captain and batsman, had already bolstered

CHENNAI: A little over a year after UltraTech Cement acquired India Cements, billionaire industrialist Kumar Mangalam Birla’s building materials flagship is set to sell Rs 740 crore worth of India

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

MPs to earn Rs 1.2 lakh/month as Centre notifies 24% hike in pay & pension | India News

Word Count: 693 | Estimated Reading Time: 4 minutes


MPs to earn Rs 1.2 lakh/month as Centre notifies 24% hike in pay & pension
Union minister of Parliamentary affairs Kiren Rijiju. (PTI photo)

NEW DELHI: The govt on Monday notified a 24% increase in salaries of members of Parliament (MPs), with effect from April 1, 2023, on the basis of the cost inflation index, taking their monthly remuneration to Rs 1.24 lakh from Rs 1 lakh earlier.
In a notification, the parliamentary affairs ministry said the daily allowance for sitting members, and pension and additional pension for every year of service in excess of five years for former members, have also been increased.
While the daily allowance has been increased from Rs 2,000 to Rs 2,500, pension for former MPs has been increased from Rs 25,000 per month to Rs 31,000 per month, it said. Daily allowance can be drawn by MPs while attending Parliament sessions and parliamentary committee meetings.
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 per month.

March 2 (2)

MP salary over the years

Constituency allowance, office expenses of MPs also up
Now, an MP will get Rs 1.24 lakh per month as salary, Rs 87,000 per month as constituency allowance as against Rs 70,000 earlier, and Rs 75,000 towards office expenses as against Rs 60,000 earlier. In the last revision in 2018, MPs’ salary was increased from Rs 50,000 to Rs 1 lakh.
Govt had put in place a sys- tem for automatic revision of salaries and allowances every five years by indexing it to in- flation — doing away with the practice of MPs making recom- mendations for fixing salaries.
During the Covid pandemic in 2020, govt slashed salaries of MPs and ministers by 30% for one year. Congress MP Harish Meena questioned the real gain that salary hike will bring to parliamentarians.
He argued the pre-hike salary of Rs 12 lakh was within the IT exemption brack- et while the increase of Rs 24,000 has brought the salary in the tax slab.
Bharat Adivasi Party MP Rajkumar Roat said he was happy with the increase in salary but govt should increase MPLADS fund to Rs 5 crore, as is available to MLAs in Rajasthan. He said MPs have to spend a lot of money in travel and catering to various emergencies in their constituencies, and the salary hike would provide some relief in view of price rise.





Source link

Sign In

Welcome ! Log into Your Account