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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2018 Chapters List Part III AMENDMENTS TO THE PRESIDENT’S EMOLUMENTS AND PENSION ACT, 1951 This

Clause 133 - Commencement of this Part. - FINANCE BILL, 2018

FINANCE BILL, 2018
Part III
AMENDMENTS TO THE PRESIDENT’S EMOLUMENTS AND PENSION ACT, 1951
  • Contents

PART III

AMENDMENTS TO THE PRESIDENT’S EMOLUMENTS AND PENSION ACT, 1951

133. Commencement of this Part.

Save as otherwise provided, the provisions of this Part shall come into force on the 1st day of April, 2018.

 



 

Notes on Clauses:

Clauses 133 to 136 of the Bill seeks to amend section 1A, clause (b) of sub-section (2) of section 2 and sub-clause (ii) of clause (b) of section 3A of the President's Emoluments and Pension Act, 1951.

Section 1A of the said Act relates to emoluments of the President. It is proposed to enhance the present emoluments of one lakh fifty thousand rupees to five lakh rupees per mensem retrospectively with effect from 1st January, 2016.

Section 2 of the aforesaid Act relates to pension to the retiring Presidents. Clause (b) of sub-section (2) of section 2 relates to payment of office expenses at the rate of sixty thousand rupees per annum. It is proposed to enhance the said sum to one lakh rupees.

Section 3A of the aforesaid Act relates to free accommodation to the spouse of the President. Sub-clause (ii) of clause (b) of section 3A provides for payment of office expenses at the rate of twelve thousand rupees per annum. It is proposed to enhance the said sum to twenty thousand rupees per annum.

 
 
 
 

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