Union Cabinet has approved an Ordinance amending the Salary, Allowances and Pension of Members of Parliament Act, 1954 for reducing salary by 30 per cent for one year. It will come into effect from 1st of this month.
Under this, the salary of Union Ministers and members of Parliament will be cut by 30 per cent for one year.
President, Vice President, Governors of States have also voluntarily decided to take a pay cut of 30 per cent as a social responsibility for one year . The money will go to Consolidated Fund of India.
Source : All India Radio