In far-reaching recommendations, the panel, headed BJP MP Yogi Adityanath, has sought doubling of the existing Rs 50,000 salary of MPs and favoured increasing the pension of former parliamentarians from Rs 20,000 to Rs 35 thousand.
The panel has also recommended that the daily allowance of MPs of Rs 2,000 for attending the House during Parliament sessions should be doubled to Rs 4000.
It is learnt that some ex-MPs, who appeared before the panel rued that while they are given a First Class Ticket to travel on train, their companions, even if it is the spouse, can travel only second class.
Besides, the panel is of the view that ex-MPs should be allowed to travel by air five times a year in economy class. The sitting MPs are allowed to fly executive class around three dozen times in a year.
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The panel also noted that since MPs are considered above the rank of Cabinet Secretary, their privileges should also match their status. It also pitched for health care benefits to married children of MPs.
Sources said some of these recommendations recorded in the minutes of the meeting of the committee have already been submitted to Parliamentary Affairs Ministry, while some others will be finalised in the next meeting on July 13.
CPI-M's member K N Balagopal has, however, suggested that MPs themselves should not decide their salary and allowances and that should be done through an independent mechanism.
JD-U, which is represented on the panel by Rajya Sabha MP K C Tyagi, is also of the view that an independent body should be constituted to decide the salary and perks of MPs keeping in mind the benefits announced by various boards and commissions appointed for revision of wages.