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of <h1>Finance Act 2018 amends President's Emoluments and Pension Act, raising specified amount in Section 2(2)(b) to one lakh rupees.</h1> Section 138 of the Finance Act, 2018, amends the President's Emoluments and Pension Act, 1951. Specifically, it modifies section 2, sub-section (2), clause (b) of the principal Act by replacing the term 'sixty thousand rupees' with 'one lakh rupees.' This change effectively increases the specified amount in the relevant clause.
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