Enquire now for CA in Delhi

CALL US : +91-11-46259900
OR
Register Your Interest

30% Cut in Salaries of MPS and Ministers

By gkkedia Dt. June 3rd, 2020

The Coronavirus (COVID 19) is spreading in the whole world vastly. This pandemic has curtailed businesses operations across the globe. With restrictions and lockdowns imposed in the country is going to hit financially very hard. Since the lockdown is necessary to avoid the spread of coronavirus in India. To help Government in this situation, the citizens of India are donating a large amount of fund in PM CARES FUND as their social responsibility to help Government to fight against Coronavirus.

Well said, “CHARITY BEGINS FROM HOME”, the Government of India has taken a big move to battle against coronavirus- 30% cut in salary of Members Of Parliament and Ministers for one year and suspension of the MPLAD (Members of Parliament Local Area Development Scheme) Fund during 2020-21 & 2021-22.

During a press briefing, Prakash Javadekar announced The Union Cabinet chaired by Prime Minister Narendra Modi on Monday 6th April 2020, cleared an ordinance to cut 30 percent salaries of Members of Parliament and Ministers. This slash in pay will be effective from April 1, 2020 for a year.

He further added The Prime Minister Narendra Modi, The President Ram Nath Kovind, The Vice- President Venkaiah Naidu and The Governors Of States have voluntarily decided to go for their pay cut as social responsibility. The total amount collected from the pay cut will be deposited to Consolidated Fund Of India.

Moreover, a temporary suspension of MPLAD (Members of Parliament Local Area Development Scheme) Fund during 2020-21 & 2021-22 has also been approved in Cabinet Meeting. The consolidated amount from MPLAD fund of Rs. 7900 crore will be deposited in Consolidated Fund Of India.

© G. K. Kedia & Co. | All Rights Reserved | Powered by Januskoncepts