Parliament on Sunday passed the Salaries and Allowances of Ministers (Amendment) Bill, 2020, which proposes to reduce the salaries and allowances of ministers by 30 per cent for a year to augment financial resources required to fight the COVID-19 pandemic.
Opposing an ordinance issued earlier this year to effect the salary and allowance cut, Congress leader Adhir Ranjan Chowdhury said in Lok Sabha that the move was like being "penny wise and pound foolish." He said more money was spent in preparing copies of the bill than the amount saved in cutting allowances of ministers.
Minister of State for Home Nityanand Rai said the idea was more to do with contributing to a cause. All including, the amount saved will be Rs 4 crore, the minister said.
The bill was later passed by a voice vote in the lower house.
Parliament had recently passed a bill to cut the salaries of MPs by 30 per cent for one year. The amount saved will be used in government's fight against the pandemic.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)