With the government approving the implementation of the 7th Pay Commission for teachers, a big pay hike is on the way.
The benefits which will be applicable to the teaching faculty of central, state universities and aided colleges will see an increase in entry pay growth by 22 to 28 per cent.
What will teachers earn:
'The implementation of the 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 Pay Commission for the pay of teachers,' a government statement said. Teachers of 119 centrally-funded technical institutions such as IITs, IISc, IIMs, IISERs (Indian Institutes of Science Education and Research) and NITIE (National Institute of Industrial Engineering) are also eligible for revision of pay. Besides Central universities, 329 universities funded by state governments and 12,912 government and private-aided colleges which are affiliated to state public universities are also eligible for salary revision.
How much will it cost:
The Cabinet's decision on revision of pay scales for teachers will cost the state exchequer nearly Rs 9,800 crore annually. The revised pay scales will be effective from January 1, 2016. For state government funded institutions, the revised pay scales will require adoption by the respective state governments. The Centre, however, will bear the additional burden of the states on account of pay scale revision.
Who will bear burden of 7th Pay Commission:
The Centre which approved the hike under the 7th Pay Commission 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,' Javadekar said. The annual central financial liability on account of this measure would be about Rs 9,800 crore.
Source: OneIndia News
Share with the world !!
0 Responses to 7th Pay Commission: What will teachers earn after pay hike