Rise in salary for President, Vice-President
The proposed rise is approximately thrice or 200% of the present salary
With the realization that Cabinet Secretary earns more than the President of India, the Central government has decided to give the President, Vice President and Governors a raise.
The proposed rise is approximately thrice the present salary. The salary is proposed to rise more than 200%, which will increase the President’s salary from the current Rs 1.5 lakh a month to Rs. 5 lakh. The Vice-President's salary will rise to Rs. 3.5 lakh a month from the existing Rs. 1.10 lakh a month.
According to this raise, once a President retires, he will get a pension of Rs. 1.5 lakh. The spouses of Presidents will get a secretarial assistance of Rs. 30,000 per month.
This decision of government comes after it faced an uncomfortable situation following the implementation of the 7th Pay Commission. In such anomalous situation the salary of the President is Rs 1 lakh less than that of the country's topmost bureaucrat, the Cabinet secretary.
However the matter needs Parliament's approval, which is expected in the coming winter session. Once cleared, the salary will be made applicable from January 2016. The last raise of President’s salary was in 2008 increasing it from Rs. 50,000 to Rs. 1.5 lakh.
With this raise, the pressure is expected to mount up on Prime Minister Narendra Modi, who has to decide on a pending approval for the increase in the salaries of lawmakers.
In August, around 250 lawmakers signed a petition asking for a raise, but the government is weighing its options. According to media reports, sources said PM Modi was not too keen to approve in view of the government's austerity measures.
If the pay hike is approved, the monthly basic salary of a lawmaker will double to a lakh. Besides, 100% raise will be granted as constituency allowance and salaries of their office staff. The annual furniture allowance will double to 1,50,000 and monthly pensions for former lawmakers will rise from Rs. 20,000 to Rs. 35,000.