Budget 2018 19 proposes to frame law forautomatic revision of emoluments for Members of Parliament i...........

Economic Affairs Public Finance and Debt Management

Budget 2018-19 proposes to frame law forautomatic revision of emoluments for Members of Parliament indexed to inflation. What is the time period proposed for this automatic revision?

4 years

5 years

3 years

6 years

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Explanation:

Under the present system, a Parliament committee comprising of members of both the house of Parliament makes recommendation on the salaries of Members of Parliament.
Budget 2018-19 proposes to frame law which will provide for automatic revision of emoluments every five years indexed to inflation.