Govt processing panel’s suggestion on IIT,IIM faculty’s payhttps://indianexpress.com/article/india/latest-news/govt-processing-panels-suggestion-on-iit-iim-facultys-pay/

Govt processing panel’s suggestion on IIT,IIM faculty’s pay

A committee set up to revised pay scale for faculty of IITs and IIMs has suggested fat salary packages for them.

A committee set up to recommend revised pay scale for faculty of IITs and IIMs has suggested fat salary packages for them while the recommendations are being processed by the government,the Rajya Sabha was told on Tuesday.

The Govardhan Mehta Pay Review Committee has suggested that the scale of pay of assistant professors in these institutions will be in the Pay Band of Rs 15,600 to Rs 39,100 with Academic Grade Pay of Rs 8,000,Minister of State for HRD D Purandeswari said in a written reply.

The committee has said the position of lecturer could be offered on contractual basis and may be renewed in the pay band Rs 15,600 to Rs 39,100 with AGP of Rs 7,000.

It has further said three advance increments on non-compoundable basis may be allowed for those with M Tech and six advance increments on non-compoundable basis may be allowed to lecturers with PhD.

The committee has suggested that pay scale of associate professors should be in pay band of Rs 37,400 to Rs 67,000 with AGP of Rs 10,000 while the minimum basic pay to be fixed at Rs 43,000.

The scale of pay for professors will be remain in the pay band of Rs 37,400 to Rs 67,000 with AGP of Rs 11,000 and the minimum basic to be be fixed at Rs 48,000.

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A professor will be eligible for enhanced AGP of Rs 12,000 with five years experience in the scale.