Government employed teachers and equivalent academic staff working in state-run universities, colleges and technical institutions have yet another reason to smile this festive season; as the Cabinet has approved salary hike of Rs10,400 to Rs49,800 for about 8 lakh academic employees under the 7th Pay Commission.

Festive season brings happiness, especially when one is treated with a salary hike – this time it is the government academic employees. The Union Cabinet has approved revision of over 8 lakhs academic staff working in higher educational institutes, following the recommendations of the 7th Pay Commission for central government employees. As per PM Modi-chaired Cabinet, the decision of increment was made to ensure quality of higher education and attract as well as retain talent towards the government academic jobs. Henceforth, it will be celebrated by 7.58 lakh teachers, professors and academic staff from 106 universities and colleges funded by UGC/MHRD, 329 state-funded universities and 12,912 government and private-aided colleges affiliated to state public universities. The new boosted package will also be implemented in 119 centrally funded technical institutions like IITs, IISc, IIMs, IISERs, IIITs, NITIE. etc.

The cheesy fact about government hikes is that they always have a retrospective effect, like this hike will be considered effective from January 1, 2017! Whereas here in private sector, people yearn for increments and retrospective increment would be nothing beyond an unrealistic daydream – but that’s another story. The 7th Pay commission hike for teachers will be ranging from Rs 10,400 to Rs 49,800 from ‘January 1, 2017’. This increment will cost the government about Rs 9800 Crores, and all those who will get the benefits should really thank the elections by heart.

For state-funded employees, the State governments will have to adopt and fund the increments and the Central government will bear the additional burden of the States on account of revision of pay scales. It is amazing to see how the Government is suddenly head-on-heels willing to boost the economy, develop international trade, reduce fuel prices, develop infrastructure, boost education and health; our government is so hysterical about the festive season. Which festive season is up to you to understand and decide; may the force be with us.