NEW DELHI: The President of India, who currently gets a monthly salary of Rs 1.5 lakh (about $2,500), will soon be earning Rs 5 lakh per month.
The government plans to introduce a bill in the upcoming session of Parliament to give the President more than 300 percent hike in salary.
Similarly, the Vice-President of India, who currently gets only Rs 1.25 lakh (about $2000) per month, will get Rs 3.5 lakh per month.
The government has been forced to hike the salary of the two top functionaries of the country after the Seventh Pay Commission for public servants recommended a salary of Rs 2.50 lakh to the Cabinet Secretary which is the country’s top-most bureaucrat.
The Cabinet is likely to take up the proposal to hike the salary of the President and the Vice-President soon before the bill on this issue is introduced in Parliament.
The salaries of the President, the Vice-President and state Governors were last increased by 300 percent in 2008.
But the salaries are a small part of the overall expenditure incurred on the President, the Vice President and state Governors as they get huge mansions to live in, with a retinue of servants and other staff.