OPEN APP
Home / News / India /  PM Modi, President, ministers and all MPs to take 30% salary cut

The Union Cabinet has approved an ordinance amending the salary, pension and allowances of members of the Parliamen with effect from 1 April 2020, Union minister Prakash Javadekar said today.

All Members of Parliament (MPs), including Prime Minister Narendra Modi and his Council of Ministers, would be taking a 30 per cent salary cut due to the impact of the novel coronavirus.

President Ram Nath Kovind, Vice-President Venkaiah Naidu and all state governors have also voluntarily decided to take a pay cut.

The minister said the cabinet approved an ordinance amending the Salary, Allowances and Pension of Members of Parliament Act, 1954 reducing allowances and pension by 30 pet cent from April 1 2020 for one year.

The Cabinet also approved the move to temporarily suspend MPLADS Fund of MPs for two years – 2020-21 and 2021-22.

The money, saved through these efforts, will go to Consolidated Fund of India. The funds will be used for managing health services and the adverse impact of Covid-19 pandemic in the country, Javadekar added.

India is under a 21-day nationwide lockdown to mitigate the spread of the novel coronavirus.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.
Close

Recommended For You

×
Edit Profile
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout