Parliament alone can decide on lawmakers' pension: FM Arun Jaitley

NEW DELHI: As members in Rajya Sabha expressed reservations over Supreme Court's reported remark about pension to former lawmakers, Union finance minister Arun Jaitley said on Thursday that Parliament alone has the authority to approve the way public money is to be spent and it alone can legislate on how much pension MPs can draw.

"It is an unquestionably clear constitutional position that public money can be spent only after authorization of Parliament. Therefore, only the Parliament can authorise how public money can be spent. No other institution can exercise that power," the finance minister said.

Jaitley's comments came after opposition MPs raised concern over SC's reported observation that 80% former lawmakers are 'crorepatis' (millionaires).

"It is the exclusive domain of Parliament to decide who is entitled to government pension and how much... This is the constitutional position “which all in stitution will have to eventually accept," Jaitley said.

Raising the issue, SP's Naresh Agarwal said the image of the MPs is being sullied as if they are appropriating huge public monies as salaries and pension without working. He said some former MPs are living “a pauper's life“, and cited the example of a former lawmaker whose children are currently working as labourers and artisan.

Congress member Jairam Ramesh said he was astonished to read in newspapers that an observation was made that 80% of the ex-MPs were millionaires. "When a Supreme Court judge says that 80% of ex-MPs are crorepatis, I think this is a very serious issue and with the greatest of respect, I have to say that this is an astonishing statement to come from the highest in the land, which is one of the pillars of democracy," Ramesh said.
Stay on top of business news with The Economic Times App. Download it Now!
FROM AROUND THE WEB

Feeling thirsty? Order drinks on holachef

HolaChef

Dosti Planet North: Shil-Thane

Dosti Realty Ltd.

Watch 2 Broke Girls online-Amazon Prime Video

Amazon Prime Video

MORE FROM ECONOMIC TIMES

6 interesting things about the new UP CM, Yogi Adityanath

7 secrets that make Marwaris so good in business

Actress Kalpana given state funeral, celebrities pay homage

From Around the WebMore from The Economic Times

Great fares to Scotland with Etihad Airways

Visit Scotland

Amazing Credit Card Offers

BankBazaar

Wadhwa Home Carnival Rates are Back! Book Now

Wadhwa Promenade

1 & 2 BHK apts @Kalwa - Book now by paying 5%

The Wadhwa Group

Subramanian Swamy awarded 'Tamil Ratna' in US

6 interesting facts about the new UP CM, Yogi Adityanath

Meet India's next generation of business tycoons

September 30, 2016