7th Pay Commission: Pay hike announced for 7.5lakh college teachers

7th Pay Commission 7th CPC minimun salary salary hike pay hike Central government employees 7th pay commission latest news 7th cpc news 7th pay commission report

The approval has come following implementation of the recommendations of the 7th Central Pay Commission for Central Government employees.

The approved pay scales would be applicable from 1.1.2016.

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.

Union HRD Minister Prakash Javadekar announced that cabinet has chose to extend th Pay Commission benefits to teachers of central and state universities.

"We must attract talent into academics", Javadekar said.

In a cabinet meeting on Wednesday, Javadekar said that 7.51 lakh teachers in universities will get benefits of 7th Pay Commission recommendations. In money terms, teachers can expect their salary to go up by anything between Rs 10,000 to Rs 50,000.

Star Wars: The Last Jedi Official Trailer - 8 Things You Might've Missed
The new poster arrives just ahead of the new trailer , which is expected during the Monday Night Football broadcast on ESPN. IMAX recently unveiled an exclusive display banner encouraging fans to "choose the Light or Dark Side of the Force".

International Business Machines Corporation (IBM)- Safe Haven Investment Performance Stocks
The technology company reported $2.97 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.74 by $0.23. Equities analysts predict that International Business Machines Corporation will post $13.77 EPS for the current fiscal year.

Trump threatens to shut down NBC over this story
Officials reportedly were surprised by Trump's suggestion, but said no expansion in the nuclear arsenal was planned. People who still refuse to see Trump's dreams of authoritarianism need to take a good look at the tweet above.

For the State Govt. funded institutions, the revised pay scales will require adoption by the respective State Governments.

Assistant Professors who are presently getting Rs 47,000 (at entry level) will now get Rs 57,700.

"The implementation of the pay revision will enhance the teachers' pay in the range of Rs10,400 and Rs49,800 as against the extant entry pay due to the implementation of the 6th Pay Commission for the pay of teachers". The allowances as recommended by the 7th Central Pay Commission would have cost the exchequer Rs 29,300 crore. The Vice Chancellors of universities across the country will now get Rs 2,25,000.

The Central Government will, however, bear the additional burden of the states on account of revision of pay scales.

While at first the government was thinking of giving arrears, the change in decision was prompted after the April-June GDP growth slipped to a three-year low of 5.7 percent.

Related:

  • Grab Verizon Moto Z2 For for just $450 on Best Buy

    Grab Verizon Moto Z2 For for just $450 on Best Buy

    Buyers of its phones can get up to 100GB extra 4G data for free, but more details in this regard have not been revealed yet. Motorola's Diwali discounts are available on smartphones such as the Moto Z2 Play, Moto M, Moto G5 and Moto E4 .
    Who Ireland could face in World Cup play-offs after beating Wales

    Who Ireland could face in World Cup play-offs after beating Wales

    Of the teams now in the play-offs, only Northern Ireland, Denmark , Ireland, Italy and Croatia have secured their places. But if the Netherlands get their unlikely landslide win and make the play-offs, they would be ranked ahead of NI as well.

    Huntington Bancshares Incorpora (NASDAQ:HBANO) Experiences Lighter than Average Trading Volume

    Following the sale, the executive vice president now owns 447,722 shares in the company, valued at $5,690,546.62. Huntington Bancshares Incorporated had 60 analyst reports since August 6, 2015 according to SRatingsIntel.
  • Russia Accuses US of Pretending to Fight Islamic State

    Russia Accuses US of Pretending to Fight Islamic State

    Konashenkov said that meant that 600 militants who arrived from the US-controlled zone in al-Tanf were either to fight these "cells" for medicines and food, or act jointly with them.
    Matt Damon And Ben Affleck Have Broken Their Silence On Harvey Weinstein

    Matt Damon And Ben Affleck Have Broken Their Silence On Harvey Weinstein

    We need to do better at protecting our sisters, friends, co-workers and daughters, ' Affleck's statement read. "I didn't forget... I was a kid", Burton tweeted in response to a fan who brought up the incident, which occurred in 2001 when she was 18.
    ZTE Blade Force Launched For Boost Mobile With Entry-Level Specs

    ZTE Blade Force Launched For Boost Mobile With Entry-Level Specs

    Like the most Blade series devices launched in the United States , the Blade Force won't likely be launched outside the country. One such network is Sprint , and it makes sense that the ZTE Blade Force will pop up in its Boost Mobile subsidiary's roster.
  • Most popular Halloween candy in each state

    Most popular Halloween candy in each state

    The National Retail Federation estimates that shoppers will spend $2.7 billion on Halloween candy this year. Over the course of the year, it sold 67,829 pounds of the flavored lollipops with the Tootsie Roll center.
    SUPER MARIO ODYSSEY's Latest Trailer Goes Full Musical

    SUPER MARIO ODYSSEY's Latest Trailer Goes Full Musical

    But also it's impossible to watch without falling into the existential question of what Mario is. What did you think about this music video?
    NRA opposes outright ban on bump stocks used by Las Vegas killer

    NRA opposes outright ban on bump stocks used by Las Vegas killer

    Yet, previous experiences have taught the world not to expect any serious response to stop a future occurrence. I fully believe in the right of any man or woman in the U.S to own a gun, maybe even two or three guns.
  • Equity Research Analyst's Stock Ratings: American Express Company (AXP), Kennametal Inc. (KMT)

    On average, equities research analysts predict that American Express Company will post $5.74 EPS for the current fiscal year. Pnc Fincl Ser Grp holds 0% in Everest Re Group Ltd (NYSE:RE) or 7,219 shares. 782,995 are owned by Bnp Paribas Arbitrage Sa.

    Centre Asset Management, LLC Significantly Lowers Its Ownership in Amazon.com, Inc

    The stock appeared $20.91 above its 52-week highs and is down -0.62% for the last five trades. 10,348 are held by Btc Cap. The value of the investment in AMZN went from $995,000 to $1,196,000 a change of $201,000 for the reporting period.
    Tottenham challenged to resist Real Madrid interest in prolific striker Harry Kane

    Tottenham challenged to resist Real Madrid interest in prolific striker Harry Kane

    The 28-year-old has missed 49 games since moving from Tottenham to Madrid in 2013, and has recently struggled with back injuries. Injuries have curtailed his impact and frustrations have grown from the sidelines and the boardroom.

Comments

Latest news

Highly Traded Stock: Freeport-McMoRan Inc. (FCX)
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Edge Wealth Management Limited Liability Corporation stated it has 0.01% of its portfolio in Freeport-McMoRan Inc (NYSE:FCX).

Man Gets Snared in 'Burqa Ban' for Wearing Full-body Shark Costume
It said it was considering a more general ban on state employees wearing the headscarf and other religious symbols. The man in the shark mask was advertising a business in central Vienna and the business was fined .

Porsche Built an Electric Cayman to Show Off "Porsche Turbo Charging"
Along with the one-off Cayman e-volution concept, the company unveiled an 800-volt fast charging system. It's capable of achieving a charging capacity of up to 320 kW per vehicle, or 160 kW each for a pair.

Air Products and Chemicals, Inc (APD) Investment Up in Latest Report from Park National Corp /oh
Park National Corp /oh/ raised its position in Air Products and Chemicals, Inc stock by 4.8% in the quarter ending 09/30/2017. Its down 0.38, from 2.67 in 2017Q1. 185.76 million shares or 1.62% less from 188.82 million shares in 2017Q1 were reported.

Apple CEO Tim Cook Says AR Glasses Aren't Ready for Primetime
By putting it on iPhone, Apple was able to "instantly overnight become the largest AR platform", Cook says. But the bloggers will have to wait a little longer.

QUALCOMM Incorporated (NASDAQ:QCOM) Analysts See 1.2% Upside
In the most updated research from a number of analysts on Wall Street, the company gets 10 Buys and 0 Sell among 27 analysts. It has underperformed by 7.39% the S&P500. 470 shares valued at $26,922 were sold by ROGERS ALEXANDER H on Tuesday, May 30.

Mark Hunt withdrawn from UFC Sydney event due to 'safety concerns'
But I've fought a lot of drug cheats and copped a lot of punishment from guys who were cheating and that's not right". Recent UFC 216 victor Fabricio Werdum replaces Hunt on the November card from Australia.

Police issue warrants for 10 frat members after LSU student's death
Following Gruver's death, the university suspended all Greek life on campus indefinitely pending the results of the investigation. The affidavit also said "several other interviews. indicated that the pledges were forced to drink in excess", WBRZ reported .

Manchester United confident of beating Chelsea to secure £45m transfer
Rose has not featured since suffering a serious knee injury back in zjanuary, but is set to return within a few weeks. Rose now wants to transfer to go through before the World Cup begins, and he is keen to team up with Jose Mourinho.

Amazon targets teen shoppers with new account sharing feature
Also, they can choose to skip the approval step all together and set pre-approved spending limits, offering teens full freedom. The teen can also include a personalized note like, "this is the book I need for class".

Army in 'systematic' bid to drive Rohingya from Myanmar
Myanmar's Buddhist majority denies that Rohingya Muslims are a separate ethnic group and regards them as illegal immigrants. Begum says their home in Rathedaung township was attacked just before dawn two weeks ago.

Carnival plc (CCL) Trading 1.8% Higher
The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. This formula is calculated by 5 year average Return on Invested Capital (ROIC) / Standard Deviation of the 5 year ROIC.

Mini introduces retro entry-level 1499 GT
The MINI 1499 GT Special Edition arrives as a sporty looking limited edition MINI paying homage to the original Mini 1275 GT. The new engine set-up provides identical performance figures to the now redundant 1.2-litre unit.

Jack Wilshere 'considering January departure from Arsenal'
Jack Wilshere will prioritise his England prospects over his Arsenal future, according to a report on Wednesday. England's midfield isn't full of glittering stars and therefore a place in the side is a distinct possibility.

SNES Classic Edition Back In Stock At GameStop And ThinkGeek This Week
Back in 2005, Nintendo released a smaller version of the Game Boy Advance called the Game Boy Micro. Here is how the trademark listing appears on website Japan Platform for Patent Information.

Other news