<h1>Union Cabinet Approves New Pay Structure for Chairpersons, Members of Nine Regulatory Bodies from July 2013.</h1> The Union Cabinet has approved a revised consolidated pay package for Chairpersons and full-time members of nine regulatory bodies, effective from July 1, 2013. The new pay structure sets the Chairperson's salary at Rs. 4.5 lakh per month and full-time members at Rs. 3.75 lakh per month, excluding house and car benefits. The affected regulatory bodies include the 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.