Working is a human necessity. We all need to work for our living. Some people work to help others, some to support their living. Things may differ from section to section of work, but one thing is common in every case, everyone gets paid. From the janitor to the Prime Minister, all are eligible to withdraw their salaries. The salary, of course, is different from one post to another, but the importance of it is the same for everyone. As we have mentioned about salary, am sure you might have wondered at least once that how much the salary of Prime Minister Narendra Modi can be? If yes, you came to the right place. This blog has been designed to highlight Narendra Modi Salary per month, annual salary, primary work, and basic information. So, let’s pep in and find out how much salary gets credited to our honorable Prime Minister Narendra Modi every month.
Salary of Prime Minister Narendra Damodardas Modi
According to his latest declaration, as per official data, the net worth of Prime Minister Narendra Damodardas Modi is rupees 3.07 crore. A rise of around 22 lakh from last year’s 2.85 crores has been noticed this year.
The monthly salary of Prime Minister Narendra Modi is around ₹ 1.6 lakh. With a basic salary of ₹ 50,000, a sumptuary allowance of ₹ 3,000, a day-to-day allowance of ₹ 62,000, and an MP allowance of Rs.45,000. Prime Minister Narendra Modi has also declared that his annual income is ₹ 19.92 lakhs (FY18).
Like many other ministers, Prime Minister Narendra Modi don’t have any stock market exposure. His entire investment regulates life insurance policies ( 1.5 lakh), National Savings certificate (8.9 lakh), and L&T infrastructure bonds, Narendra Modi’s net worth 2021 in rupees is 20,000.
The hike in Narendra Modi’s, wealth is all due to his fixed deposits in the Gandhinagar Branch of the State Bank of India. As per the self-declaration filed by Prime Minister Modi, his fixed deposit amounts to ₹1.86 crores as of March 31 as against ₹1.6 crores last year.
Other than that, Modi owns no vehicle. He has four gold rings, which worth around 1.48 lakh. A portion of his net worth 2021, which is 1.5 lakh has been added to his bank balance to his cash in hand of ₹ 36,000 as per March 2021, which was less than the previous year. He has purchased no new property ever since he became the Prime Minister in 2014. His residential property was brought in 2002, which valued at 1.1 crores. The property is joint property, and PM Narendra Modi owns one-fourth share.
During the time of Atal Bihari Vajpayee, the government decided that all the Union Ministers must voluntarily declare their assets and liabilities at the end of every financial year. This rule was made for better transparency of the political leaders’ assets to the civilians.
About Narendra Modi
Narendra Damodardas Modi was born on September 17, 1950 and 71 years now. He is a renowned Indian politician, currently serving as the 14th prime minister of India since 2014. Previously, from 2001 to 2014, reserved for the Indian state Gujarat as a Chief Minister. Moreover, he is also a Member of Parliament from Varanasi. Narendra Damodardas Modi is a member of the Bharatiya Janata Party (BJP) and its National Democratic Alliance (NDA). That’s not it, he is also an active member of the RashtriyaSwayamsevakSangh (RSS), a right-wing Hindu nationalist paramilitary volunteer organization.
There are many interesting facts related to Prime Minister Narendra Modi. He was born and brought up in Vadnagar, a small town located at the northeastern area of Gujarat. At the age of eight, Modi was introduced to RSS, which explains his patriotism. He completed his secondary education in his native town. Later, it is said that he help his father in selling tea at the local railway station.
Narendra Modi is the first prime minister born after India’s independence in 1947. He is also the second Prime Minister who belongs to the Indian National Congress. He gained popularity and did win two consecutive elections, with a majority in both terms in the Indian lower house of parliament. His party also secured the majority position in the upper house as well.
Under Narendra Modi’s administration, an evident hike was visiblein the foreign directive investment in the Indian economy. A reduced spending on healthcare and social welfare programmes was also seen. Narendra Modi made many changes and efforts to improve efficiency in the Indian bureaucracy. He basically incorporated power by abolishing the Planning Commission. He is said to be one of the most energetic and enthusiastic Prime Ministers of India.
We hope that this blog was helpful to you in finding answers for all your questions related to the Narendra Modi salary per month. Besides, if you feel we have missed any information, please comment with the updated information. We will be pleased for your efforts to provide the best information to the world.
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