<p>With the Cabinet today giving its nod 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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />According to the Australian government's website, the base salary of a MP in that country is about USD 118,000 per annum or USD 9,833 per month.<br /><br />Similarly, a member of Japanese Parliament (Diet) gets about 1.3 million yen, or USD 15,200, every month. The net monthly pay of a MP in Singapore is 13,710 Singapore dollars, or Rs 471,364.<br /><br />The monthly salaries of lawmakers in France, Italy, Germany and Spain are EUR 7,002, EUR 5,487, EUR 7,688 and EUR 3,126 respectively.<br /><br /></p>
<p>With the Cabinet today giving its nod 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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />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.<br /><br />According to the Australian government's website, the base salary of a MP in that country is about USD 118,000 per annum or USD 9,833 per month.<br /><br />Similarly, a member of Japanese Parliament (Diet) gets about 1.3 million yen, or USD 15,200, every month. The net monthly pay of a MP in Singapore is 13,710 Singapore dollars, or Rs 471,364.<br /><br />The monthly salaries of lawmakers in France, Italy, Germany and Spain are EUR 7,002, EUR 5,487, EUR 7,688 and EUR 3,126 respectively.<br /><br /></p>