The central government cleared the pay commission recommendation for revision in salaries for teachers and academic staff.
There is good news for as many as 758,000 teachers and other academic staff at 106 Institutions under the Union government and 329 Universities that are funded by various State governments. Including 12,912 government and private supported colleges affiliated to State public universities.
The revised pay will be implemented with effect from January 1, 2016.
The annual Central financial liability on account of this measure would be about Rs 9,800 crore. They will enjoy hike of 22% to 28% in the Salary.
Source: Business Standard