Covid-19- MP allowances, pensions slashed by 30% for a year, President, PM to take slary cut

Union Cabinet approved an order cutting Parliament members 'salaries and allowances by 30% for a year, Union Minister Prakash Javadekar said on Monday. The ordinance-an amendment to Parliament Act, 1954, with effect from April 1, 2020, would reduce benefits and pensions by 30%. The reduction will be applicable for one year.
 

by Niranjani Jesentha Kumari Prabagararaj

Updated: Apr 06, 2020 21:21 IST

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Consolidated Fund of India

"In addition to the MP salary ordinance, President Ram Nath Kovind, Vice-President Venkaiah Naidu, and several state governors and lieutenant-governors have also voluntarily agreed to take on a pay cut as a social obligation," said the Union minister. "The money is going to go to Indian Consolidated Fund," said Prakash Javadekar. 

The Consolidated Fund of India is the term used for the overall government revenue raised by taxes and expenditures incurred in the form of loans and borrowings.

The minister also told the media that the MPLADs (Local Area Development Scheme Members of Parliament) fund was discontinued until 2022. "The Rs 10crorse MPs 'funds will each be pushed towards nation-building," he said.
 

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