President gets richer, gets 300 pc salary hike
President gets richer, gets 300 pc salary hike
The President will now get rs 1.5 lakh per month, V-P will get Rs 1.1 lakh a month.

New Delhi: The Government of India has enhanced the emoluments of the President of India, the Vice President and state governors to Rs 1.5 lakh, Rs 1.25 lakh and Rs 1.10 lakh per month respectively.

The new emoluments were approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh.

The hike comes a year after the Cabinet considered a proposal seeking an increment to the salary of India’s First Citizen to Rs 1 lakh per month and enhancing post-retirement benefits.

The CCEA also rationalised post-retirement benefits to former Presidents, former Vice Presidents and their spouses, an official spokesperson was quoted as saying by PTI.

Sources said the hike will be effective from January 2007.

The hike comes close on the heels of Government announcing a bonanza for its employees by implementing the recommendations of the Sixth Pay Commission report under which a secretary at the Centre will draw Rs 80,000 a month.

Immediately after the hike was announced, President Pratibha Devi Singh Patil contributed a month's salary to the Prime Minister's National Relief Fund, towards the relief and rehabilitation of those affected by Bihar floods.

The salary of president, which was fixed at Rs 10,000 in the Constitution, was gradually raised to Rs 50,000 a month in 1998 with effect from January 1, 1996.

Almost everything that the President does or wants to do is taken care of by the annual Rs 22.5-crore budget that the Government allots for his upkeep.

(With agency inputs)

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