New Delhi: Accepting the demand of MPs, Finance Minister Arun Jaitley on Thursday said that their salaries will be automatically revised every five years indexed to inflation.
Presenting the Union Budget for 2018-19 in the Lok Sabha, Jaitley said that the present system, which provides for MPs to recommend increase in their salary, had invited criticism and was being changed.
“There has been considerable public debate with regard to emoluments paid to Members of Parliament.
Under the present system, a Parliamentary committee having members from both Houses of Parliament makes its recommendations on the salaries and allowances of MPs, and the government takes appropriate decision and brings an amendment Bill. Such amendment proposals are usually approved with consensus in Parliament.