Market Regulator Salary in India Dwarfs in Comparison to U.S. Peers

NEW DELHI: When it comes to powers enjoyed by capital market regulators, they may be equivalent in India and the U.S., but there appears to be a huge gap in their salaries.

The government recently hiked the monthly salary of chairman of Securities Exchange Board of India (Sebi), which regulates Indian capital markets, to 4.5 lakh which translates into an annual pay of 54 lakh.

In comparison, more than 100 officers of the U.S. capital markets regulator, the Securities Exchange Commission (SEC), earn $225,000 (about 1.4 crore) or more a year.

The total staff strength of the SEC exceeds 3,500 persons, while the Sebi has close to 700 employees.

According to a government notification, dated December 30, 2013, Sebi chairman's monthly consolidated salary was increased to 4.50 lakh, excluding house and car perks.

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