Tata Will Build India’s New Parliament For Rs 861 Cr; 30% Salary Cut For All MPs

Tata Will Build India’s New Parliament For Rs 861 Cr; 30% Salary Cut For All MPs
Tata Will Build India’s New Parliament For Rs 861 Cr; 30% Salary Cut For All MPs

As Parliament’s monsoon session started this week, lots of interesting projects and amendments have been approved.

Prominent among them is the 30% salary cut for all MPs, which was approved by the majority.

And a construction of a new Parliament, which will be build by Tata at a cost of Rs 861 crore.

Tatas Win Bid To Build New Parliament For Rs 861 Crore

Tata Projects, the real estate arm of Tata Group has won the bid to build a new Parliament for India, at a cost of Rs 861.90 crore.

Under the Central Vista redevelopment program, this new Parliament building will be built nearby to the existing Parliament.

Tata Projects have committed to complete the entire work in 21 months, but the exact date of starting the construction hasn’t been revealed yet.

Interestingly, engineering and construction major L&T was also interested in building the new Parliament, and had bid Rs 865 crore. But Tata Projects’ bid of Rs 861.90 crore was the lowest, and they got awarded the project.

As per the Central Vista redevelopment program, several new buildings and modifications will be done at the Central Vista, which is the power corridor of India.

This area is in Central Delhi, and stretches from the entrance of Rashtrapati Bhawan to India Gate. This entire area was developed by Edwin Lutyens from 1912 to 1930, when the Britishers decided to shift their capital from Calcutta to New Delhi.

30% Salary Cut For All MPs

Meanwhile Lok Sabha has passed a bill, which will result in 30% salary cut for all Member of Parliament.

The bill called The Salary, Allowances and Pension of Members of Parliament (Amendment) Bill, 2020 will be enforced from April 1st 2020 to a period of one year.

PM Modi led BJP Govt introduced this bill to ensure that propert funds are allocated for the crisis due to coronavirus, and more help is provided to the citizens.

Besides, the MP Local Area Development (MPLAD) has also been suspended for two years.

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