Narendra Modi takes oath as PM: His salary, allowances, and perks
india-news Jun 10 2024
Author: Roshni Tamta Image Credits:Twitter
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Narendra Modi took the oath for 3rd term
Lok Sabha Elections 2024 are over now, and Narendra Modi has been sworn in as prime minister of India for the third time.
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In-charge of the functioning of the nation
A prime minister holds the utmost power and responsibilities in India. As PM, Narendra Modi will be in charge of the functioning of the nation and its development.
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Salary of prime minister
As PM of India, Modi will reportedly receive a salary of Rs 1.66 lakh per month, making it around Rs 20 lakh per year.
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Breakdown of salary
The PM receives a basic salary of Rs 50,000, an expense allowance of Rs 3,000, a parliamentary allowance of Rs 45,000, and a daily allowance of Rs 2,000.
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Perks
The Prime Minister also receives several perks with his salary. One of the biggest is the official house given to him at 7 Lok Kalyan Marg.
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Aircrafts and security
The prime minister also gets Special Protection Group (SPG) security and access to Air India One, an exclusive aircraft service for official visits.
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Cars and other deets
PM Modi will only travel in a Mercedes-Benz S650 Gaurd. As per reports, the car can withstand bullets and assaults from AK-47 rifles.
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Accommodations after retirement
After retirement, the prime minister receives accommodations, free electricity, water, and SPG security for the next five years.
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Declared personal assets
While submitting his election affidavit, Modi declared personal assets totaling Rs 3.02 crore, with no investments in bonds, shares, or mutual funds.