The Union Cabinet has approved the revision to the consolidated pay package of Chairpersons and full-time members of regulatory bodies.
The revision will come into effect from July 1 this year, an official release said.
For a chairperson, the revised pay package is Rs 4.5 lakh per month (without house and car).
In the case of full-time members, the revised pay package is Rs 3.75 lakhs per month (without house and car).
There are nine regulatory bodies where the revised consolidated pay package will apply.
These are Insurance Regulatory Development Authority, Telecom Regulatory Authority of India, Central Electricity Regulatory Commission, Competition Commission of India, Securities and Exchange Board of India, Pension Fund Regulatory and Development Authority, Petroleum and Natural Gas Regulatory Board, Warehousing Development and Regulatory Authority and Airports Economic Regulatory Authority of India.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.