Delhi’s MLAs get over 66% salary hike

New Delhi: Ahead of the Delhi Budget session scheduled to begin from March 17, the salaries and allowances of MLAs and ministers have been increased to more than 66 per cent.

According to a notification from the Law Department of the Delhi government, the MLAs will now get Rs 90,000 every month, an increase from the previous Rs 54,000.

According to the notification, the salary and allowances of the Chief Minister and ministers, speaker, deputy speaker, chief whip, and leader of the opposition have also been increased from the existing Rs 72,000 to Rs 1,70,000 per month.

As per the notification, the basic salary of the legislators has increased from Rs 12,000 monthly to Rs 30,000 and that of ministers from Rs 20,000 to Rs 60,000 per month.

The daily allowance has also increased from Rs 1,000 to Rs 1,500.

In July 2022, the Delhi Assembly passed a proposal to increase the salary of MLAs and ministers.

After getting the President’s approval for this proposal, the Law Department has issued a notification for salary hike.

The salary hike for the legislator will be effective from February 14 when the President gave her assent to the move.

IANS

15 pc of $23 trillion global gold market now held in India: Report

New Delhi: While global forex reserves total around $12.5 trillion, the gold market is currently valued at $23 trillion, 15 per cent of which is held in India, according to...

SEBI bars US firm Jane Street from Indian markets, directs it to deposit Rs 4,843 crore

Mumbai: The Securities and Exchange Board of India (SEBI) has barred US trading entity Jane Street and three of its related entities from accessing the market, directing them to deposit...

How Jane Street rigged Indian stock market to make Rs 43,000 crore in options profits

Mumbai: In one of the biggest market manipulation cases India has witnessed in recent years, US-based trading firm Jane Street is under the scanner for allegedly using sophisticated strategies to...

NPAs of India’s banks decline to multi-decade low of 2.3 pc

Mumbai: The soundness and resilience of India’s scheduled commercial banks are bolstered by robust capital buffers, multi-decadal low non-performing loans and strong earnings, according to the RBI’s latest Financial Stability...

More Indians now invest in equities as financialization of household savings rises: SBI

New Delhi: The financialization of household savings in India has gained significant momentum as equities as percentage of household savings in the country has increased from 2.5 per cent in...

‘GoIStats’ mobile app launched for real-time access to official statistical data

New Delhi: The government on Sunday launched the 'GoIStats' mobile application that will help every stakeholder seamlessly access official data on the go. The initiative by the National Sample Survey...

Indo-Saudi economic ties get a major boost as Malabar opens its largest jewellery showroom in Riyadh

  RIYADH: Indo-Saudi relations got a major boost following the opening of the largest jewellery showroom by India’s Malabar Gold & Diamond Group in Riyadh recently. The opening of this...

India curbs jute imports from Bangladesh as dumping hurts local farmers and mills

New Delhi: India on Saturday decided to impose port restrictions, with immediate effect, on the import of jute and allied fibre products from Bangladesh to check influx of cheap, subsidised...

Sensex surges 1,000 points, banking and heavyweight stock gain

Mumbai: The Indian stock markets closed on a strong note on Thursday, with benchmark indices Sensex and Nifty surging over 1 per cent each, led by gains in banking and...

Saudi Arabia, Russia offer oil supply continuity for India amid Iran’s Hormuz uncertainty

New Delhi: For India, which reportedly holds crude reserves for 90 days, Saudi Arabia’s ability to reroute crude exports via the Red Sea offers a layer of supply continuity amid...

Lilavati Trust files Rs 1,000 crore defamation case against HDFC Bank CEO Jagdishan

New Delhi: In a major development, the Lilavati Kirtilal Mehta Medical Trust, which runs Mumbai's Lilavati Hospital, has filed a Rs 1,000 crore defamation case against HDFC Bank's Managing Director...

Silver hits fresh all-time high on MCX amid geopolitical tensions

Mumbai: Silver futures on the Multi Commodity Exchange (MCX) touched a new all-time high of Rs 1,09,250 per kilogram on Tuesday, as investors rushed to safe-haven assets amid rising tensions...

Read Previous

Satish Kaushik death: Woman alleges Delhi cop once destroyed evidence against her husband

Read Next

No rule of law under Modi, country being run as dictatorship, says Kharge

WP2Social Auto Publish Powered By : XYZScripts.com