olzprof.blogg.se - Average salary in india 2018

The next revision of MPs' salaries will be carried out after five years-in 2023.Salary: $330,279 Bonus: $617,490 Stock and options: $376,696 Other: $584,235 Total: $1,908,700 Scott Laverty, EVP and CIO, JCPenneyĪfter cutting his teeth consulting with Deloitte and IBM, Scott Laverty got into the retail business as CIO of Borders Books and Head of Retail for HCL AXON. The changes were brought in after amending the Salary, Allowances and Pension of Members of Parliament Act, 1954, and effective April 1, 2018, as per the Finance Bill.

While the basic salary of MPs was revised from Rs 50,000 to Rs 1,00,000 per month, the pension was revised from Rs 20,000 to Rs 25,000 per month. They should not be given any further allowance, nor should they be paid from public exchequer for other facilities,” Chhokar said.įinance Minister Arun Jaitley had announced a 100 per cent salary hike for Members of Parliament in the Union budget 2018. Even if the salary of MPs is increased 10-fold, they shouldn’t be paid apart from a pre-decided package of salary. "Just like in the corporate sector where the CTC is fixed for employees pay, wages and allowances of MPs should be decided transparently and fixed according to cost-to-country. Meanwhile, Jagdeep Chhokar, founder-member of Association for Democratic Reforms, who works for political and electoral reforms, insisted that the payments should be reviewed as it is increasing burden on the national exchequer.

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This translates to an average of Rs 44,33,682 spent on each MP's salary and allowances per year. On the other hand, a total of Rs 443 crore were paid to 250 Rajya Sabha MPs between 2014-18. A calculation that takes into account 545 members of the Lok Sabha showed that between the same period every Lok Sabha MP was paid an average of Rs 71.29 lakh as salary and allowances. The data was provided from the secretariats of both the Lok Sabha and the Rajya Sabha upon repeated RTI requests from Chandrashekhar Gaur, RTI activist from Neemuch in Madhya Pradesh.Īccording to the data, Rs 1,554 crore was spent between financial years 2014-18 on wages and allowances to Lok Sabha MPs. Now, an RTI query has revealed that in the last four financial years, a sum of Rs 1,997 crore has been spent from the exchequer on the salaries and allowances of the Lok Sabha and Rajya Sabha MPs.Ĭalculations has revealed that over four years, every Lok Sabha MP got an average salary of Rs 71.29 lakh each year, while for every Rajya Sabha MP the same was at Rs 44.33 lakh.

Salaries and emoluments of elected political representatives constitute an important part of the expenditure on the national exchequer.