Salary hikes for Prez, V-P , governors and lawmakers

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

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

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 ₹1.4 lakh to ₹2.3 lakh per month The basic salary will increase from ₹50,000 to ₹1 lakh, as proposed in the finance bill. In addition, constituency allowance is likely to rise from ₹45,000 to ₹70,000 and office expenses and secretarial assistance from ₹45,000 to ₹60,000, said officials. There will, however, be a cut in travel allowances for MPs.

The salary of the President has been revised to ₹5 lakh , vice-president ₹4 lakh and governors ₹3.5 lakh, Jaitley said. Their previous salaries were ₹1.5 lakh, ₹1.25 lakh and ₹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 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...with effect from April 1, 2018…” he said. Now Will Get Figures in ~Lakhs

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