Even after a three-fold pay hike, Indian MPs still rank much below their fellow parliamentarians in other major countries in terms of their monthly salaries.
With the Cabinet giving its nod on Friday to the MPs' pay rise besides doubling several other emoluments, the basic monthly salary of Indian lawmakers has now gone up to Rs 50,000 from Rs 16,000. However, the new salary component, excluding perks and other allowances, is not on a par with the monthly emoluments their counterparts in other major economies are drawing at present.
For example, the current salary for all senators and Members of the House of Representatives in the US is USD 174,000 per annum, or USD 14,500 per month. If converted into Indian currency, the monthly salary of a US lawmaker becomes Rs 675,203, which is more than 13 times the new salary of an Indian MP.
When compared with the monthly pay of a Canadian MP, the new salary of Indian MPs is almost 11 times lower, while it is eight times lower than that of British lawmakers. A member of Canada's House of Commons is currently drawing USD 12,611 as salary per month while it is 5,478 pounds or Rs 399,941 for a British parliamentarian. ...more
07:10 PM, Aug 20, 2010