The revised pay package will also be extended to teachers at 119 centrally-funded technical institutions such as Indian Institute of Technology (IIT), Indian Institute of Management (IIM), Indian Institute of Science (IISc), National Institute of Industrial Engineering (NITIE) and IIITs.
In a decision which will be hailed by the teaching community, the Union cabinet has approved extension benefit of 7th Pay Commission to teachers of central and state universities and collegesunder the purview of the University Grants Commission (UGC) and in Centrally Funded Technical Institutions.
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The revision will enhance teachers' pay in the range of Rs 10,400 and Rs 49,800, and will be applicable from Jan 1, 2016.
Teachers of all centrally funded deemed universities and 43 Central universities to get benefit of the 7th Pay Commission, the Minister added.
The Cabinet meeting was presided over by Prime Minister Narendra Modi.
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.
For the state government funded institutions, the revised pay scales will require adoption by the respective states.
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.
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