Now you know where our taxes are going…. I wonder if they had to undergo a performance appraisal like us…
The President has just got a big raise with the Cabinet deciding to double the pay packet from 50,000 to one lakh rupees a month.
The Vice-President’s salary has also been raised from 40,000 to 85,000 rupees.
The Governors’ salaries have been increased from 36,000 to 75,000 rupees.
Parliamentary Affairs Minister Priya Ranjan Dasmunshi said the raise was necessary as MPs were earning more than the Vice-President, who is the Chairman of the Rajya Sabha.
Even former Presidents emoluments have been doubled and more facilities have been sanctioned for the spouses of late Presidents and Vice-Presidents.
The increase in emoluments would come into effect from January 1 last year.
The hike was necessitated as Members of Parliament have a Rs 68,000 pay packet while the presiding officer of the Rajya Sabha drew less than them, Dasmunsi said.
Former Presidents’ emoluments have also been doubled to Rs six lakh a year, while more facilities have been sanctioned for the spouses of late Presidents and Vice-Presidents.
Dasmunsi said the decision to increase the salary had been taken last year itself, but since the then President and Vice-President were retiring, it was deferred.[ Source: NDTV.com: Prez, Governors get salary bonanza ]