He also rolled out a mechanism to fix salaries for parliamentarians, allowing an automatic revision every five years, indexed to inflation. Officials said that an MP’s total emoluments are likely to go up from Rs 1.4 lakh to Rs 2.3 lakh per month. The basic salary will increase from Rs 50,000 to Rs 1 lakh, as proposed in the finance bill. The monthly salary of the President has been revised to Rs 5 lakh , vice president Rs 4 lakh and governors Rs 3.5 lakh, Jaitley said in the budget speech. Their previous salaries were Rs 1.5 lakh, Rs 1.25 lakh and Rs 1.1 lakh respectively.

Source: Hindustan Times February 01, 2018 09:56 UTC