The Central Government has decided to provide a bonanza Diwali gift for its government university teachers by approving the hike in the gross salary for them. The decision is taken by the Union HRD minister, Prakash Javadekar in order to improve the quality and the efficiency of the teaching staff. Read further to know what the 7th pay commission offers to the teachers.
Allowances increased buy 1 percent
Over 7 lacs teaching faculties and non teaching faculties from the 106 higher educational institutes that are funded by the MHRD and 329 universities that are funded by State government and over 12k government and private aided colleges affiliated to state government are believed to be benefited from the government decision.
It is assumed that the hike will be something between Rs. 10,400 to Rs. 49,800 as against the extent entry level pay due to the implementation of 6th Pay Commission for teachers. The latest revised packages will cover faculties from premium institutes like IIT's, NIT's, IIM's etc.
There will be hike of around 1% in dearness allowance and 75% of the bonus will be go in the pension scheme.
When will be Applicable?
The revised pay scale will be applicable from 1st January 2018 and will benefit around 7.58 lakhs educational staffs in the universities. The pay hike is expected to cost around Rs.9,800 crore to the Central government.
Reason For Hike?
According to the HRD minister, the decision is taken to improve the quality of education and also to attract and retain the talent. Another reason was to uplift the additional burden from the state government owing to the pay structure.
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