We've reported news about the IIT IIM Sixth Pay Commission in our previous news articles IIT, IIM, NIT & School Staff get Sixth Pay Commission Salary Hike Aug 2009. And now finally the good news has arrived for the Professors and Senior Faculty staff of IIT's and IIM's in India.
IIT IIM Professors get Sixth Pay Commission Salary Salary Pay HikeThe government has finally given in to the long standing demands of the IIT faculty members and has sanctioned Higher Administrative Grade (HAG) Pay of Rs 67000-Rs. 79000 for the Seniopr faculty members.
What is the latest update about the IIT IIM Professors salary hike
As per the Human Resource Ministry - "It has now been decided in consultation with the Department of Expenditure to extend the HAG scale of Rs 67,000-Rs 79,000 without any Grade Pay in place of AGP of Rs 12,000 per month. The AGP of Rs 12,000 per month does not exist anymore" the HRD notification states.
Those professors who do not qualify for the HAG scale will get between Rs 37,400 and Rs 67,000 a month, as the pay panel had recommended. They will be eligible for the additional grade pay of Rs 10,500 to Rs 12,000.
How many professors at IIT and IIM will get HAG pay?
Around 40% of the professors will be eligible for HAG pay in IIT's and IIM.
Around 20% of the professors will be eligible for HAG pay in NIT's (National Institutes of Technology), the Indian School of Mines in Dhanbad and the School of Planning and Architecture.
General Sixth Pay Commission Salary Hike & Arrears Calculator (Indicative)
Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike (Indicative)
By which date is this decision effective?
It is reported that the salary hike is effective from 18 August, 2009.
What is the reaction to this development by the professors?
The faculty staff is really happy about the high salaries which they will be getting. However, they are unhappy about these 40% and 20% caps which have been put on.