When the House met for the day, Chairman M Venkaiah Naidu mentioned the death of Pandey on January 8 at the age of 88 and that of Ram on February 25 at the age of 73.
A social worker, Pandey represented Uttar Pradesh in the Upper House from June 1980 to April 1982.
"In the passing away of Shri Narsingh Narain Pandey, the country has lost an able parliamentarian and a dedicated social worker," Naidu said in his obituary reference.
Ram was a member of Rajya Sabha from Bihar for three terms - February 1985 to April 1988, April 1988 to April 1994 and April 2000 to April 2006.
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Members rose in their places and observed silence as a mark of respect to the departed souls.
Naidu also congratulated Aruna Budda Reddy, who won a bronze medal at the recently concluded World Gymnastics Tournament in Melbourne in Australia as well as Navjot Kaur for winning a gold medal at the Asian Wrestling Championships in Bishkek, Kyrgyzstan.
Other members of the Indian contingent who won medals at the World Wrestling Championship including Sakshi Malik and Vinesh were also congratulated.