Solution:

• President’s Salary Set To Be Raised From R. 1.5 Lakh To 5 Lakh.

• Realising that a cabinet secretary now gets paid more than the President of India, the Central government has decided to give the President, Vice President and Governors a raise.

• Constituted under Article 266(1) of the Indian Constitution, the Consolidated Fund of India is the account of the revenue the Government of India receives via income tax, Customs, central excise and the non-tax revenue and the expenses it makes, excluding exceptional items.