HRD Minister Prakash Javadekar said that the decision has been taken to attract good talent to academics and also as a sense of justice for all the teachers who are now in the profession.
In a major decision by the Union Cabinet on Wednesday, the benefits of the 7th Pay Commission were extended to 7.58 lakh teachers of the Central, State universities and aided colleges.
They will receive the pay hike benefits with retrospective effect from 1 January 2016. This revision would register an entry pay growth in the range of 22 per cent to 28 per cent.
In July, the government had notified the recommendations of the 7th Central Pay Commission on allowances with 34 modifications, with a total financial implication of Rs 30,748.23 crore per annum. In money terms, teachers can expect their salary to go up by anything between Rs. 10,000 to Rs. 50,000, NDTV reported.
He said decision will also benefit the teachers of IITs, IIMs, IIITs and other Centrally funded institutes. 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 salary of the associate professor has been increased to Rs 1.31 lakh per month from Rs 1.07 lakh while the professors would now draw a monthly salary of Rs 1.44 lakh with the revision, instead of current Rs 1.16 lakh. The Vice Chancellors of universities across the country will now get Rs 2,25,000.
The pay hike will be applicable for academic staff in higher educational institutions under the purview of the University Grants Commission (UGC) and in centrally-funded technical institutions, in line with the suggestions made under the 7th Pay Commission for central government employees. Javadekar had at that time said that over 46,000 KVS employees would be benefited.
The Centre will bear the additional burden of the states on account of revision of pay scales.