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President Kovind Takes 30% Salary Cut for Year

President Ram Nath Kovind has decided to take 30 per cent salary cut for himself for year besides announcing a slew of other austerity measures to aid the government’s fight against the COVID-19 pandemic. Apart from that, the president will also contribute one month’s salary to the PM-CARES Fund in March.
The domestic tours and programmes of the President will be substantially reduced in order to follow social distancing restrictions and minimise expenditure, according to a Rashtrapati Bhavan communique issued on Thursday.
The consumption during ceremonial occasions such as At-Home ceremonies and state banquets will also be minimised by keeping smaller guest lists, reducing the food menu and lesser usage of flowers and other decorative items, it said.
Read EquityPandit’s Nifty Outlook for the Week
Kovind has also decided to defer purchase of the Presidential Limousine which was to be used for ceremonial occasions.

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