MP's salaries to be revised automatically after every five years

                                                 

• Union finance minister Arun Jaitley said that their salaries will be automatically revised every five years indexed to inflation.
• He also said that the government would bring in a new policy on salaries of lawmakers, effective April 1.

Under the present system, a Parliamentary committee having members from both Houses of Parliament makes its recommendations on the salaries and allowances of MP's and the government takes appropriate decision and brings an amendment bill. Such amendment proposals are usually approved with consensus in parliament.