This event is archived. Final snapshot from when the story concluded. View on Dashboard
Events / Political / India MPs Salary, Pension Hike
Domestic salary hike

India MPs Salary, Pension Hike

Analysis based on 6 articles · First reported Mar 24, 2025 · Last updated Mar 25, 2025

Sentiment
0
Attention
2
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

This event has a minimal direct impact on financial markets as it primarily concerns the internal compensation structure for Members of Parliament in India. While it reflects government spending, the amounts involved are unlikely to significantly move broader market indices or specific sectors.

Government
Event Summary

The India — Ministry of Parliamentary Affairs in India has notified a 24% hike in the salaries, allowances, and pensions of Members of Parliament (MPs), effective from April 1, 2023. The monthly salary for Members of Parliament in India — Lok Sabha and India — Rajya Sabha has increased from ₹1 lakh to ₹1.24 lakh. Daily allowances, constituency allowances, and office expenses have also seen increases. Former Members of Parliament will receive higher pensions. This revision follows a mechanism for automatic salary adjustments every five years, indexed to inflation, which was established by then-finance minister Arun Jaitley in 2018. Some Members of Parliament, including Anand Bhadauriya of India — Samajwadi Party, Raj Kumar Goyal of India — Bharat Adivasi Party, and Malvika Devi of India — Bharatiya Janata Party, welcomed the hike but also expressed a desire for an increase in the MP Local Area Development Fund (MPLADS).

Key Actions
90 India — Ministry of Parliamentary Affairs increased salaries, allowances
60 Arun Jaitley put mechanism for revision
50 Arun Jaitley increased salaries
Entities Involved
govactor
India — Ministry of Parliamentary Affairs
The India — Ministry of Parliamentary Affairs issued the gazette notification for the salary, allowance, and pension hike for Members of Parliament.
Importance 70.0 Sentiment 0.0
govactor
India — Lok Sabha
Members of the India — Lok Sabha are among those whose salaries have been increased.
Importance 60.0 Sentiment 0.0
govactor
India — Rajya Sabha
Members of the India — Rajya Sabha are among those whose salaries have been increased.
Importance 60.0 Sentiment 0.0
polparty
India — Bharat Adivasi Party
A Member of Parliament from India — Bharat Adivasi Party, Raj Kumar Goyal, welcomed the salary hike but also sought an increase in MPLADS funds.
Importance 20.0 Sentiment 0.0
polparty
India — Samajwadi Party
A Member of Parliament from India — Samajwadi Party, Anand Bhadauriya, expressed dissatisfaction with the salary hike, stating it was not enough considering inflation.
Importance 20.0 Sentiment 0.0
per
Anand Bhadauriya
Anand Bhadauriya, a Member of Parliament, commented that the salary hike was insufficient given inflation.
Importance 10.0 Sentiment 0.0
per
Malvika Devi
Malvika Devi, a Member of Parliament, welcomed the salary hike but also desired an increase in MPLADS funds.
Importance 10.0 Sentiment 0.0
per
Raj Kumar Goyal
Raj Kumar Goyal, a Member of Parliament, welcomed the salary hike but also requested an increase in MPLADS funds.
Importance 10.0 Sentiment 0.0
per
Arun Jaitley
Arun Jaitley, as the then finance minister in 2018, implemented a mechanism for automatic revision of salaries and allowances for Members of Parliament every five years, indexed to inflation.
Importance 10.0 Sentiment 0.0
polparty
India — Bharatiya Janata Party
Importance 0.0 Sentiment 0.0
cnt
India
Importance 0.0 Sentiment 0.0
Relationships
India — Lok Sabha related ↔ India — Rajya Sabha
India — Lok Sabha related ↔ India — Samajwadi Party
India — Lok Sabha related ↔ India — Bharatiya Janata Party
India — Rajya Sabha related ↔ India — Samajwadi Party
India — Rajya Sabha related ↔ India — Bharatiya Janata Party
India — Samajwadi Party related ↔ India — Bharatiya Janata Party
ERGEN INTELLIGENCE
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About Ergen

Ergen is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.ergen.ai.