"7.51 lakh teachers will get benefits of the 7th Pay Commission as well as assistant and associate professors of 329 state universities and 12,912 colleges from January 1, 2016", the minister said after the Cabinet meeting.
The move will benefit over 7,58,000 teachers in these institution, and the increase will be between Rs 10,000 to Rs 50,000 at different levels, Javadekar said, adding that this is a hike between 22% and 28%.
Also, salaries of teachers at 119 centrally-funded institutions like the IITs, IIMs, IISc, NITIE, and IIITs would be revised. The measures proposed in the revised pay structure are expected to improve quality of higher education and also attract and retain talent, Javadekar said.
The Union Cabinet on Wednesday approved revised pay scales of teachers and equivalent academic staff of the universities, colleges and the Centrally-funded technical institutions which includes Indian Institutes of Technology (IITs) and Indian Institute of Science, Bengaluru.
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This pay hike as per the pay panel recommnedations is set to benefit 7.58 lakh teachers and equivalent academic staff in the 106 universities or colleges which are funded either by the UGC or the Ministry of Human Resource Development.
According to a statement by the central government, for the state-funded institutions, the revised pay scales will require adoption by the respective state governments.
In July, the government had notified the recommendations of the 7th Central Pay Commission on allowances with 34 modifications, with a total financial implication of Rs 30,748.23 crore per annum. The salaries of government employees will increase by 20 per cent after this decision. The Centre will bear the additional burden of the states on account of revision of pay scales.