echo ''; Clamorworld » In everyday life every one of us comes across various experiences, incidents which we either don’t share with anyone or share with family members and friends. Print media, electronic media and various medium shows the news, but its ends up showing one sided of the story. We never come to know the other side of story. With so much happening every day, every second across our neighborhood, society, and world it’s difficult for the news media to cover all the news. Many times we have felt wish we could share our voice, opinion, thoughts with the world. Many a times we have felt the frustration, anger and helplessness for not being able to do anything about an incident. Have you ever felt, for a good cause, you need support, but don’t know how to garner the support and attention. So, now you have an option “www.Clamorworld.com“. This is a platform to share everything you want to. A website 100% runs by the people for the people. The world is waiting to listen to your voice, the voice which has kept you suppressed so far. If you do not want to share the incident, event personally, please send it to us at contact@clamorworld.com, and we will share it on your behalf and assure to keep your name confidential. Let’s make this world a peaceful and a happy place to live. » Dear Boss Be Like Modiji! Goverment Just Gave The RBI Governor A Nearly 200% Appraisal!

Dear Boss Be Like Modiji! Goverment Just Gave The RBI Governor A Nearly 200% Appraisal!

 

RBI Governor Urjit Patel and his deputies have got a big pay hike with the government more than doubling their basic salary to Rs 2.5 lakh and Rs 2.25 lakh per month, respectively.

The “basic pay of the governor and deputy governors” have been revised retrospectively with effect from January 1, 2016 and marks a huge jump from Rs 90,000 basic pay so far drawn by the governor and Rs 80,000 for his deputies.

Still, their salaries are much lower than the top executives of various banks regulated by the RBI.

The monthly emoluments of these top RBI officials include ‘basic pay’, dearness allowance and ‘other payments’, which totalled Rs 2,09,500 in case of Patel as on November 30, 2016, as per the latest information disclosed on the RBI website.

In response to a query under the Right to Information (RTI) Act, the central bank disclosed that as per a finance ministry communication, dated February 21, the basic pay of the governor and deputy governors have been revised.

Following the revision, the basic pay of the Governor stands increased to Rs 2,50,000 per month while the same for a deputy governor would be Rs 2,25,000, RBI said.

The pay hike is “with effect from January 1, 2016”.

Dearness Allowance would be notified by the central government from time to time while “all other allowances (are) to be paid at existing rates as if the pay has not been received with effect from January 1, 2016,” the RTI reply said.

The RBI, however, did not disclose the new gross pay for Patel and his deputies following the revision in basic pay.

With the earlier basic pay of Rs 90,000, Patel got a DA of Rs 1,12,500 and ‘other payments’ of Rs 7,000 — totalling to a gross pay of Rs 2,09,500. The increase in the basic itself would take his gross pay to nearly Rs 3.70 lakh.

Patel, who took over the reins of the central bank in September 2016, had received a salary of Rs 2.09 lakh in October — the first full month in office. This amount was same as drawn by his predecessor Raghuram Rajan in August that year.

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