The Cabinet Committee on Economic Affairs has recently raised

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The Cabinet Committee on Economic Affairs has recently raised the emoluments of the President, the Vice-President and the Governors. The emolument payable to the President, has been raised to

1. Rs. 1.00 lakh from Rs. 50,000 per month
2. Rs. 1.50 lakh from Rs. 50,000 per month
3. Rs. 1.75 lakh from Rs. 75,000 per month
4. Rs. 2.00 lakh from Rs. 1.00 lakh per month

Correct Option: B

Emoluments of the President, the Vice President and Governors were raised by 300 per cent in 2008. The President’s emoluments were raised to Rs 1.50 lakh per month from Rs 50,000. Similarly, the Vice President will get Rs 1.25 lakh — a more than threetime hike from the present salary of Rs 40,000. The salary of governors will also go up from Rs 36,000 to Rs 1.10 lakh. The new emoluments were approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Manmohan Singh. The CCEA also rationalized post-retirement benefits to former Presidents, former Vice Presidents and their spouses.