COVID 19: President, PM & His Cabinet, As Well As MPs To Take Pay Cuts For A Year

As the country grapples and tries to mitigate the health, economic, and social devastation in the aftermath of novel coronavirus pandemic, it was announced today that the President, Vice President, the Cabinet, and the elected Members of Parliament will be taking a 30% cut in their salaries for a whole year. The cabinet briefing for the same was done by I&B Minister Prakash Javadekar.

Predictions by almost all top economists around the world are suggesting that the globalscape has already entered recession due to the COVID 19 outbreak, and that the economy will experience the most defeating aftermath. At a time like this, everyone around the world is suggesting ease towards loan payments, policy payments, rents, attaching moratoriums on credit cards, and volunteering to take pay cuts to contain an unprecedented economic downfall.

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