profishingrods.com
profishingrods.com October 21, 2017


7th Pay Commission: Pay hike announced for 7.5lakh college teachers

11 October 2017, 08:51 | Randall Craig

7th pay commission update: Minimum pay expected to be increased by 17%

Cabinet clears pay-hike for central state university teachers

"The decision will benefit 7.58 lakh teachers and equivalent academic staff in the 106 universities/Colleges, which are funded by the university grants commission (UGC)/Ministry of Human Resource Development (HRD); 329 universities, which are funded by State Governments; and 12,912 Government and private aided colleges affiliated to State public universities", HRD Minister Prakash Javadekar told reporters after the Cabinet meeting.

States will get the Centre's support and all the benefits will be paid from January 1, 2016.

The minister said the faculty at central government's institutes and universities will get the benefit immediately but teachers at higher education institutions run by the states may have to wait a bit longer.

Varsity teachers will a hike a nearly 22-28%. The Assistant Professors in the upper grade, who are getting Rs 56,000, will now get Rs 68,000 while a Senior Assistant Professor will now get almost Rs 80,000. The annual Central financial liability on account of this measure would be about Rs. 9,800 crore. The Vice Chancellors of universities across the country will now get Rs 2,25,000.




The government had approved the recommendation of the 7th pay commission for the pay hike.

However, previous year the recommendations of the 7th Pay Commission and the pay hike get allowance by the Union Cabinet for raising the minimum pay from Rs 7,000 to Rs 18,000 per month. "We need to attract more talent into academics and so, we must give a good salary package to retain talent", said Javadekar. The salaries of government employees will increase by 20 per cent after this decision.

For the higher education institutions funded by state governments, the revised pay scales will have to adoption by their respective state governments.

Last month, the HRD Ministry had approved implementation of the recommendations of the 7th Pay Commission for Kendriya Vidyalaya Sangathan (KVS) employees.



Other News

Trending Now

August 25 violence: Panchkula cops to grill Dera Sacha Sauda chairperson Vipassana
Police informed the court that all related information was saved in a laptop which would be soon recovered. Blueprints were made in a meeting that was held on the 17th of August in Sirsa.

Asteroid Passing Earth Thursday Won't Hit Us-Yet
The close approach will allow researchers to learn the composition of the asteroid. Amateur astronomers have captured images of 2012 TC4 with small telescopes.

Stick to fiscal consolidation path: Economic Advisory Council
India's economic growth slipped to a three-year low of 5.7 percent in the first quarter of the current fiscal. The Council was set up with the approval of PM Narendra Modi late last month.

Changes in Signals Identified: RPC, Inc. (RES), Walgreens Boots Alliance, Inc. (WBA)
This buyback authorization permits the pharmacy operator to repurchase up to 5.9% of its shares through open market purchases. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website .

Hollywood movie mogul Harvey Weinstein loses key supporters after sex harassment allegations
The development comes a day after Weinstein issued a statement on the report, apologizing for his actions. Weinstein has since taken an "indefinite leave of absence" from his production company.

Donald Trump Dismisses NBC Nuclear Arsenal Report as 'Fake News'
Trump's war on the press, as many on social media noted in the wake of his tweets Wednesday morning, is approaching fascism. The Federal Communications Commission requires licenses for individual radio and television stations.

Miley Cyrus left red-faced after The Voice hit and run
Cyrus told Howard Stern during an interview last week that she hasn't smoked weed in eight months. Cyrus said seeing the response to her actions on stage made her become more of an activist .

International Day of the Girl
I want to wish all Canadians, especially girls, a happy International Day of the Girl . "The government needs to invest in solutions to end the practice".

Army in 'systematic' campaign to drive Rohingya from Myanmar
Myanmar's Buddhist majority denies that Rohingya Muslims are a separate ethnic group and regards them as illegal immigrants.

Advanced Micro Devices, Inc. (AMD): Scrutinizing the Chart
The stock exchanged hands with 43,179,487 numbers of shares compared to its average daily volume of 62.65M shares. Also, SVP James Robert Anderson sold 20,000 shares of the company's stock in a transaction on Friday, July 28th.