In addition to this, the pension for former MPs has also been raised from Rs 25,000 to Rs 31,000.
The Narendra Modi-led government in India has announced a 24 percent hike in the salaries of Members of Parliament (MPs). According to a notification issued on Monday, the new salary for current MPs, including allowances, will be Rs 1.24 lakh per month, up from the previous Rs 1 lakh. This salary increase will be effective from April 1, 2023.
In addition to this, the pension for former MPs has also been raised from Rs 25,000 to Rs 31,000. The last salary hike for MPs occurred in 2018, when then Finance Minister Arun Jaitley increased their salaries from Rs 50,000 to Rs 1 lakh.