Average 15% pay hike likely on the cards for 8 lakh central & state university faculty, staff
The proposal, pushed by HRD ministry, might see green light by upcoming Guru Purnima which is a celebration of teachers--the source of wisdom.
June 27, 2017 / 01:40 PM IST
Source: Pixabay (under CC-0 licence)
The Human Resource Development ministry has proposed around 15 percent hike in the salary of faculty and staffers in all Central and state-run universities. The proposal might be propelled into action by Guru Purnima day on July 9.
The pay revision will take in its purview almost eight lakh faculty members and non-teaching staff employed in Central and state universities alongside technical institutes like IIT, IIM, NIT which are centrally funded, the Economic Times reported.
According to the report, the pay hike, likely to be retrospectively effective from January 1,2016, was discussed at the PMO yesterday. It is expected to cost the government approximately Rs 75,000 crore over three years post-implementation.
Going by the 7th pay commission's recommendations, salary of professors and persons of higher ranks will be increased by a multiplier of 2.72 and that of assistant and associate professors' will be multiplier of 2.67. The increase is to be applied to the basic salary and academic grade pay (AGP).
As per the the current starting salary (including basic salary, AGP and dearness allowance) status, professors get Rs 1.23 lakh per month, associate professors get Rs 1.07 lakh per month, and assistant professors get Rs 50,ooo per month.
Earlier in February, UGC had asked the HRD ministry to consider a 20 percent pay hike for central university and college teachers.