New Delhi, October 12: Union Cabinet has approved the benefits of 7th Pay Commission to the faculty members and other academic staff of Central and state Universities, technical Institutions and aided colleges. It will be applicable from 1st of January, 2016.
The annual Central financial liability on account of this measure would be about 9,800 crore rupees. In addition, the revised pay package will cover teachers of 119 Centrally Funded Technical Institutions viz. IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc.
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% to 28 %.
For the State Govt. funded institutions, the revised pay scales will require adoption by the respective State Governments. The Central Government will bear the additional burden of the States on account of revision of pay scales. The measures proposed in the revised pay structure are expected to improve quality of higher education and also attract and retain talent.