Mps Salary Revision News - Latest Updates & Headlines
Explainer: All you need to know about the mechanism for revising MPs' salaries
New Delhi, March 25: The 24 per cent increase in salaries of MPs to Rs 1,24 lakh a month, announced on Monday, is part of a structured mechanism, set up after the Finance Act of 2018 amended the Salaries, Allowances, and Pension of Members of Parliament Act, 1954, to link MPs’ salaries to inflation, specifically using the Cost Inflation Index (CII), according to a senior official.