MORE than five lakh teachers in the universities and colleges across the country may have to wait for one more month for the implementation of pay hike.
According to sources, the Ministry of Human Resource Development is finalising the Cabinet note for the implementation of the pay hike.
HRD Minister Arjun Singh has asked his officials to ensure that the announcement of the new pay package is made this month itself so that it could go as a New Year gift.
Though the University Grants Commission pay review committee had submitted its report in October itself, the HRD Ministry could not finalise the pay hike in view of the model code of conduct which came into effect when elections to five states were announced.
The pay review panel headed by Prof G K Chadha recommended 70 percent hike in pay and other emoluments for teachers in the universities and colleges. The committee also wanted all recommendations to be implemented in toto as a package with effect from January 1, 2006.
The pay package would also be valid for state-run colleges and universities recognised by the UGC.