October 11, 2017: Union Cabinet has approved the benefits of 7th Pay Commission to the faculty members of Central and state Universities, technical Institutions and aided colleges.
It will be applicable from 1st of January, 2016. The annual Central financial liability on account of this measure would be about 9,800 crore rupees.
Over 7.5 lakh teachers will be benefited from this decision. Briefing reporters in New Delhi after the meeting, Human Resource Development Minister Prakash Javadekar said the salaries of teachers will increase from 10 to 50 thousand rupees under the new pay scale. He said decision will also benefit the teachers of IITs, IIMs, IIITs and other Centrally funded institutes.
The Minister said the move will provide justice to the faculty members and attract new talents. Mr Javadekar also said, the vacant posts of the teachers in Central Universities will be filled up within a year.
Cabinet has approved two new schemes of skill development. The schemes are skill acquisition and knowledge awareness for livelihood promotion (SANKALP) and skill strengthening for industrial value enhancement (STRIVE).
Both the schemes are supported by the World Bank. SANKALP will be a centrally sponsored scheme with an allocation of 4,445 crore rupees while STRIVE will be central sector scheme with an expenditure of 2,200 crore rupees.
Giving details of the schemes, Minister of Skill Development Dharmendra Pradhan said, the schemes are aimed at developing globally competitive workforce for domestic and oversees requirements and will provide required impetus to National Skill Development Mission.
He said, over 700 industries led institutes are being set up for providing job oriented skill training to lakhs of aspirants. He said, the schemes will also develop a skilling environment which will support the country’s rise in the ease of doing business index by steady supply of skilled workforce to the industry. (AIR News)