<p>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.<br /><br />"It has now been decided in consultation with the Department of Expenditure to extend the HAG scale of Rs 67000-79000 without any Grade Pay in place of academic grade pay (AGP) of 12000," said a notification issued by the HRD Ministry.<br /><br />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.<br /><br />The higher pay grade, said officials, would help retain the best minds in the country and lure many more into the teaching profession.</p>
<p>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.<br /><br />"It has now been decided in consultation with the Department of Expenditure to extend the HAG scale of Rs 67000-79000 without any Grade Pay in place of academic grade pay (AGP) of 12000," said a notification issued by the HRD Ministry.<br /><br />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.<br /><br />The higher pay grade, said officials, would help retain the best minds in the country and lure many more into the teaching profession.</p>