The revised pay scales will be implemented with retrospective effect from January 1, 2016.
"We must attract talent into academics", Javadekar said. "This is not a gift, this is justice for those who are already serving", Javadekar said. This is slightly more than the Rs 29,300 crore per year projected by the pay commission report.
"In addition, the revised pay package will cover teachers of 119 Centrally Funded Technical Institutions viz. IITs, IISc, IIMs, IISERs, IIITs, NITIE".
Rapper Lil B Gets Banned From Facebook For "Hate Speech"
The 28-year-old musician has been debarred from using the application for 30 days for violating its hate speech policies, a Facebook representative confirmed this to Motherboard .
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.
The implementation of this pay revision will enhance the teachers' pay in the range of Rs. 10,400 and Rs. 49,800 as against the extant entry pay due to the implementation of the 6th Central Pay Commission for the pay of teachers.
Prakash Javadekar said in the press conference that additional expense to the tune of Rs 1400 crore for central universities and Rs 8400 crore for state universities and colleges will be needed annually to implement the recommendations of the 7th Pay commission.
NRA opposes full ban on 'bump stocks' used by Vegas gunman
The gunman, Stephen Paddock, opened fire from his room on the 32nd floor of the Mandalay Bay Hotel Resort and Casino. An automatic rifle show on March 16, 2007.
According to Ministry sources, the salary of an assistant professor (entry level) of a university will be increased to Rs 57,700 per month from the current Rs 47,000 per month.
After many back and forth finally central government employees is likely to get pay hike of 17%. The salaries of government employees will increase by 20 per cent after this decision.
"For the State government funded institutions, the revised pay scales will require adoption by the respective State Governments", an official statement issued by the centre said.
Institutional Investor Sentiment About Western Digital Corp (NASDAQ:WDC) Up
As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. Oakworth Capital Inc increased Ishares R1000 Growth Etf (IWF) stake by 10,145 shares to 333,938 valued at $39.75M in 2017Q2.