The Union Cabinet chaired by the Prime Minister Narendra Modi has accepted the proposal of pay hike for around 8 lakh teachers in the centre and state universities. The hike would now register an entry pay growth in the range of 22% to 28 %.
The approved pay scales would be applicable from 1.1.2016. The annual Central financial liability on account of this measure would be about Rs. 9,800 crore, Bureaucracy Today has learnt.
The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 Universities or Colleges which are funded by the UGC/MHRD and also 329 Universities which are funded by State Governments and 12,912 Govt. and private aided colleges affiliated to State Public Universities.