NEW DELHI: The Union Cabinet on Wednesday decided to hike salaries of about 8 lakh teachers and equivalent academic staff in higher educational institutions under the UGC and in centrally funded technical institutions.
The revised pay package will cover teachers of 119 central-funded technical institutions such as IITs, IISc, IIMs, IISERs, IIITs, NITIE, Union HRD minister Prakash Javadekar said after the Cabinet meeting, chaired by Prime Minister Narendra Modi.
With the cabinet decision, 7.58 lakh teachers of central and state universities and aided colleges will get the benefits of the 7th Pay Commission.
Around 58,000 professors of 213 central universities, including IITs, will get full funding from the centre, said Prakash Javadekar, union minister for human resource development.
The minister said the higher pay and benefits will help attract talent into academics and improve the quality of education in the country, adding that seven lakh professors, assistant and associate professors in aided colleges and state universities will get the benefits.
States will get the centre’s support and all the benefits will be paid from 1 January 2016, Javadekar said. The annual financial liability on account of this measure would be about Rs9,800 crore.
The centre will bear Rs1,400 crore per year on this, while states will have to pay out an additional Rs8,400 crore. ”We must give a good salary package so that the existing talent is retained in the academic sector, compared to attractive packages in the industry,” said Prakash Javadekar.
