The Union Cabinet today approved the proposal of the Ministry of Human Resource Development for revision of rates of honorarium, pension and contingency allowances under the Scheme of National Research Professorship with effect from 1.4.2009.
The revised rates are as follows :
(i) Rate of monthly honorarium for serving National Research Professors has been enhanced from Rs.25,000 to Rs.75,000 with effect from 1.4.2009;
(ii) Rate of monthly pension for Pensioners enhanced from Rs.9,000 to Rs.25,000 with effect from 1.4.2009;
(iii) Rate of annual contingency grant for serving National Research Professors has been enhanced from Rs.50,000 to 1,00,000 with effect from 1.4.2009;
(iv) Honorarium and pension will continue to be exempt from Income Tax under Section 10(17A) of the Income Tax Act, 1961.
Background :
Government of India had instituted the Scheme of National Research Professorship in 1949, to honour distinguished academics and scholars in recognition of their contribution to knowledge. Persons of real eminence who have attained the age of 65 years and who have made outstanding contribution in their respective fields and are still capable of productive research, are considered for appointment as National Research Professors. The appointment is made initially for a period of 5 years which is extendable by another term of five years. After completion of first term or the extended second term, a NRP is entitled to a life pension.
In 1949, the rate of honorarium was Rs.2500 per month. The rates of honorarium and pension have been revised from time to time and at the time of last revision in 1998-99, the rate of honorarium was Rs.25,000 per month, the rate of pension was Rs.9,000 per month. The contingency grant was Rs.50,000/- per annum. Considering the rate of inflation and in view of the erosion of rupee value, the rates of honorarium/pension/contingency grant need upward revision.
The revised rates are as follows :
(i) Rate of monthly honorarium for serving National Research Professors has been enhanced from Rs.25,000 to Rs.75,000 with effect from 1.4.2009;
(ii) Rate of monthly pension for Pensioners enhanced from Rs.9,000 to Rs.25,000 with effect from 1.4.2009;
(iii) Rate of annual contingency grant for serving National Research Professors has been enhanced from Rs.50,000 to 1,00,000 with effect from 1.4.2009;
(iv) Honorarium and pension will continue to be exempt from Income Tax under Section 10(17A) of the Income Tax Act, 1961.
Background :
Government of India had instituted the Scheme of National Research Professorship in 1949, to honour distinguished academics and scholars in recognition of their contribution to knowledge. Persons of real eminence who have attained the age of 65 years and who have made outstanding contribution in their respective fields and are still capable of productive research, are considered for appointment as National Research Professors. The appointment is made initially for a period of 5 years which is extendable by another term of five years. After completion of first term or the extended second term, a NRP is entitled to a life pension.
In 1949, the rate of honorarium was Rs.2500 per month. The rates of honorarium and pension have been revised from time to time and at the time of last revision in 1998-99, the rate of honorarium was Rs.25,000 per month, the rate of pension was Rs.9,000 per month. The contingency grant was Rs.50,000/- per annum. Considering the rate of inflation and in view of the erosion of rupee value, the rates of honorarium/pension/contingency grant need upward revision.