New Delhi, March 24 -- The Central Government has notified a 24 per cent increase in the salaries of Members of Parliament (MPs), effective from April 1, raising their monthly salary from Rs 1 lakh to Rs 1.24 lakh.

The notification, issued by the Minister of Parliamentary Affairs, also increased daily allowances of the sitting MPs from Rs 2000 per month to Rs 2,500 per month and the pension and additional pension for every year of service in excess of five years of ex-MPs.

The pension for former MPs has been raised from Rs 25,000 per month to Rs 31,000, while the additional pension for each year of service beyond five years has been increased from Rs 2,000 per month to Rs 2,500.

This revision has been made under the powers granted by t...