DIWALI HAS COME early for teachers of central, state universities and aided colleges as the Union government on Wednesday extended benefits of the 7th Pay Commission to them.
"Assistant and associate professors of 329 state universities and 12,912 colleges will get the benefit of the 7th Pay Commission from January 1, 2016. Teachers of all centrally funded deemed universities and 43 central universities will be benefited," said Union minister Prakash Javadekar.
The move, expected to benefit 7.58 lakh university teachers, will "help attract talent into academics," the minister added.
The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for revision of pay scales for about 8 lakh teachers and other equivalent academic staff in higher educational institutions under the purview of the University Grants Commission (UGC) and in Centrally Funded Technical Institutions, following implementation of the recommendations of the 7th Central Pay Commission for Central Government employees.
In addition, the revised pay package will cover teachers of 119 Centrally Funded Technical Institutions viz. IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc.
The annual Central financial liability on account of this measure would be about Rs. 9,800 crore.
The implementation of this pay revision will enhance the teachers' pay in the range of Rs. 10,400 and Rs. 49,800 as against the extant entry pay due to the implementation of the 6th Central Pay Commission for the pay of teachers. This revision would register an entry pay growth in the range of 22 percent to 28 percent.
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 pay panel's recommendations will eventually benefit over 48 lakh government employees.