Tuesday, September 21, 2010

Senior faculty members of IITs, IIMs to get higher grade pay

In what could come as a good news for professors of IITs, IIMs and IISERs, the Government has decided to offer experienced and senior faculty members a higher administrative grade (HAG) pay. According to the decision, senior faculty members would receive an HAG pay of Rs. 67,000 to Rs. 79,000. IIT teachers had gone on an agitation path last year seeking higher pay for senior faculties.

"It has now been decided in consultation with the Department of Expenditure to extend the HAG scale of Rs. 67,000-79,000 without any Grade Pay in place of academic grade pay (AGP) of 12000," said a notification issued by the Ministry of HRD. The new pay scale would also apply to professors of Indian Institute of Science, Bangalore apart from professors of IITs and IIMs.

In an earlier order last year, the Ministry had said that professors would be eligible to move to academic grade pay (AGP) of Rs. 12,000 per month after six years of regular service. However, the new notification has done away with the the AGP of Rs. 12,000 per month.

The higher pay grade, said officials, would help retain the best minds in the country and lure many more into the teaching profession.

Source: The Economic Times, September 21, 2010
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