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7th Pay Commission: Centre announces 'Diwali bonanza' for 7.58 lakh teachers
11 October 2017, 08:52 | Melissa Porter
7th pay commission update: Minimum pay expected to be increased by 17%
"Teachers of all centrally funded deemed universities and 43 central universities to get benefit of 7th Pay Commission".
Union Cabinet also approved the signing of Memorandum of Cooperation between India and Japan on the Technical Intern Training Program.
The Central government today announced that 7.58 lakh teachers of universities and colleges across the country will soon get the benefits in line with the recommendations of the 7th pay commission.
"In addition, the revised pay package will cover teachers of 119 Centrally Funded Technical Institutions viz. IITs, IISc, IIMs, IISERs, IIITs, NITIE".
The Cabinet gave its nod for revision of pay scales of around 8 lakh teachers and other equivalent academic staff, based on the recommendations of the 7th Central Pay Commission for Central Government employees. The approved pay scales will be applicable with effect from January 1, 2016, official Twitter account of the Press Information Bureau said. The revised pay scale would cost about Rs 9,800 crore to the exchequer.
This hike in pay is between 22 per cent to 28 per cent.
"The measures proposed in the revised pay structure are expected to improve quality of higher education and also attract and retain talent", he added.
The central government employees who have been waited for months to get revised allowances under the 7th pay commission are now looking forward to the pay hike. The additional financial burden incurred by the state governments in implementing the recommendations of 7th Pay Commission for teachers will be borne by the Central government.
While at first the government was thinking of giving arrears, the change in decision was prompted after the April-June GDP growth slipped to a three-year low of 5.7 percent.
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